Use of Specialist Advice to Enhance Recoveries
In March 2009 we were appointed liquidator of a plumbing & Heating contractor based in Bristol. There was a substantial book debt ledger relating to retentions on completed contracts and also a number of contracts that at the time of ceasing to trade, were still in progress.
We worked with specialist construction surveyors to assess the contracts and obtain the best settlement possible in relation to these. In addition we successfully made an insurance claim in respect of damage caused to one of the sites by sub-contractor and received a substantial corporation tax refund. Asset realisation totalled £214k which enabled preferential creditors to be paid in full and a substantial dividend paid to unsecured creditors.
We have worked with Byrne Associates for more than 20 years, providing RICS accredited valuations to a diverse range of businesses. Byrne's expertise has been evident on the numerous occasions we worked together Sam Ewing (Bristol Commercial Valuers and Auctioneers )
25 April 2016
22 March 2016
20 January 2016
- Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
- Tel: 01275 464 038
Fax: 01275 462 937