Another Two Specialist Contractors Bite The Dust…But Who’s Counting?
Another One Bites The Dust…
(It’s two actually – but no-one seems to be counting)
Just read about not one, but two Specialist Contractors that have bit the dust this week…
McGrath Bros (Engineering) Group has ceased trading with the loss of 171 jobs.
The firm, founded in 1981, worked on major projects across the UK, including the London Olympics Aquatics Centre, with a London office in Tottenham handling a large order book in England and a Glasgow office covering Scotland.
Hull-based offsite manufacturer Modular Space Limited has fallen into administration.
The firm specialised in site cabins supplying the Costain/Skanksa joint venture on Crossrail and Wates. It also delivered prefabricated buildings for school and health projects.
Skills and High Profile Projects Do Not Equal Success
Clearly both firms had worked on high profile projects, they don’t come much bigger than the Olympics and Crossrail. And there was no shortage of skills and expertise in these two companies, Modular had even developed a special two-storey house design, which could be assembled from four basic units in just five hours.
So What’s Going Wrong?
The fact of the matter is that whilst Trade Associations and Build UK tinker around the edges of the major issues facing you and your business, and promote nonsensical solutions to the very real and business threatening payment problems facing the industry, more Specialist Contractors are going to fail.
As Brian McGrath is quoted as saying;
“Legacy contracts taken on during the recession have also taken their toll on main contractors and specialist subcontractors alike, all linking to underpayments of completed works and disputed final accounts.”
So, if you are not getting paid properly then don’t delay in getting it sorted.
Please don’t stand for late or underpayment.
Take action to safeguard your business from the catastrophic impact of reduced, late, or non-payment in 2016.
If you don’t then it could cost you your business…
Unscrupulous Contractors use every trick in the book, to reduce and delay payments. Specialist Contractor’s efforts to avoid or rectify this problem often come too late in the process.
Don’t be one of the casualties, take action now.
You can download a complimentary “How To Get Paid” report right now, and put an end to reduced, late and non-payment.
And you can call us for initial no cost advice on 01773 712116, and our Gold and Platinum Buddies can use their commercial and contractual consultancy to find an answer.
Whatever level your business is at, and whatever your specialisation I want to encourage you to experience and enjoy a better more profitable, less stressful way.