Insolvency Support

Turnaround Management & Insolvency Practitioner Support

Using our expertise and knowledge of construction contracts, claims, forms of procurement, contract and payment valuations, tenders, novations and other technical & construction related issues, we can provide support to Turnaround Managers and Insolvency Practitioners in their work with companies in distressed situations. Our support involves assessing the funds at risk in relation to:

• Debtors
• Work in progress
• Retentions
• Form of Contract
• Contract terms
• Time
• Entitlement to Loss and Expense
• Damages
• Disputes
• Technical matters
• Settlement of accounts

Support to Turnaround Managers and Insolvency Practitioners is a specialist skill which requires a thorough understanding of contract forms such as JCT & NEC. How these can be impacted by insolvency proceedings is critical in order to protect the funds at risk and maximise the overall recovery. We identify the risks and appropriate strategies with those concerned for mitigating that risk.

Geographical coverage
In a corporate recovery or turnaround situation, speed of response can be crucial. We are based in Bedford, a central location with good road & rail connections with the rest of the UK. Our specialists are located throughout London & the Home Counties, South-East, South and the Midlands, enabling us to place an expert at the site within a matter of hours.

For information on this service or for immediate assistance call or email Derek Mynott.