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 advised and assisted Byrne Associates in respect of construction matters for many years. In this time all staff have demonstrated their in depth knowledge of insolvency procedures Terry Blazey (TFB Associates )
25 April 2016
22 March 2016
20 January 2016
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