The ISG Construction Ltd’s statement of affairs has been filed. Here are some key points: ❗ The total amount of un-secured creditors is listed at around the £90,000,000 mark. ❗ISG Central Services Ltd is listed as the creditor with the highest value owed at £48,344,934.83. ❗The next, in order of value is HMRC at £24,245,968.82 […]… Continue Reading
Retention of Title (ROT) clauses can provide essential protection for credit managers in the construction industry, but navigating their complexities and limitations is crucial. Join us on 4th September, 10:00 AM – 11:00 AM, for an in-depth discussion with our expert panel. 🎙️ Meet the Speakers: Emma Reilly FCICM – CEO, Top Service […]… Continue Reading
For the first 6 months of 2024, Top Service has experienced a 16% increase in trading experiences submitted by it’s members. Demonstrating the importance of sharing this type of information and the value the information holds for credit managers and anyone assessing risk levels in the construction industry. Emma Reilly, CEO – Top Service Ltd […]… Continue Reading
A message to Top Service members from Emma Reilly FCICM, CEO at Top Service Ltd & Credit Expert… Continue Reading
Amidst the news that the UK has officially entered recession, businesses are seeking ways to minimise debt and maximise cash flow. The economy shrunk by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession if it fails to grow for two […]… Continue Reading
All major housing developments are now required to deliver at least a 10% benefit for nature with England becoming the first country in the world to make Biodiversity Net Gain a legal requirement. Biodiversity Net Gain (BNG) will apply to applications for major developments only and will be implemented for small sites (between 1 and 9 […]… Continue Reading
Companies House is aiming to introduce the first set of measures under the Economic Crime and Corporate Transparency Act on 4 March 2024. The Economic Crime & Corporate Transparency Act gives Companies House the power to play a more significant role in disrupting economic crime and supporting economic growth. What will change? The first set […]… Continue Reading
We have confirmed that Readie Construction Ltd entered Administration Readie focused on projects that valued between £5m – £100m, primarily in the industrial and commercial sectors. The company has been running for 16 years and according to the last accounts for the trading year ending 31st March 2023 had a pre-tax profit of £ 1.73 […]… Continue Reading
In 2023, UK corporate insolvencies reached a staggering total of 25,159. Among these, the construction industry bore a significant brunt, accounting for just over 15% of the total insolvencies. For construction businesses, navigating through uncertain economic times demands a proactive approach to financial management. Throughout 2023 the construction industry suffered over 10 insolvencies per day […]… Continue Reading
How CICM is partnering with Top Service to advance the credit profession in the construction sector. We are excited to announce a new Corporate Partner. We are thrilled to announce that Top Service Ltd has taken a significant leap forward by becoming a proud corporate partner of the Chartered Institute of Credit Management (CICM). As the exclusive provider of credit […]… Continue Reading
