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Construction Finance

4 August 2020

Construction Finance

Having difficulty getting Construction Loans or Finance?

Every business is different, however there are particular issues that construction businesses face which are unique to the sector. 

Often with low margins and tough trading conditions, cash flow can be a problem. Below is a list of problems we’ve seen happen in the industry:

  • Retention sums not released at agreed times 
  • Delays in repayments from HMRC, regarding CIS deductions (which are connected to PAYE scheme). HMRC can be slow in making CIS refunds, leading to issues with cash flow.
  • Loss of large contracts
  • Issues with sub-contractors
  • Difficult customers
  • Lengthy contracts with prices agreed at beginning. I.e. quotes do not keep up with rising costs. 
  • Less focus on financial accounts due to management being onsite
  • Hard to find new contracts if cash flow is tight, perhaps due to low credit rating

It might be that an additional loan is not what is required....  As turnaround practitioners, our specialists can help tackle these issues with you to get your construction business back on track. We can go through all the available options, like expert assessment of the issues your company faces, improved financial reporting,  Time to Pay deals, CVAs and pre-pack administrations.  We can also find finance for construction companies in distress.

We also have industry specific turnaround experts who can act as non executive directors, chairman or turnaround managers.  We have turned around construction companies from £500k to £25m sales.

Call us on 0800 9700539 for free expert advice and a talk through your options. We can visit you onsite to discuss your specific situation. 

We have over 15 case studies of companies in the construction sector - see here for more details. 

Category: Construction

A Worried Director

The Ultimate Guide For Worried Directors

Worried about poor cashflow? Feel you have got into a bit of a mess? Covid-19?, How to pay wages on pay day? For reassuring advice on a range of issues download our free Ultimate Guide For Worried Directors today. Or just call us on 0800 9700539

"KSA Group which owns this site, will help you fix problems in your business. We won't charge for any initial advice or face to face meetings. We speak in English. We will save you money and your precious time.  You can come to any of our offices

"We also follow up any meeting with a full "solutions report" which runs on average to 13 pages valuable free advice!!  No other practitioner offers this service.  In this report we advise on ALL the options and explain them clearly.  We advise on a course of action given the information you have given us ( the more information we have the better we can advise!)"

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