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Claritas Group went down owing £7m to supply chain

Construction Enquirer

The Kent based contractor confirmed earlier this month that it was heading for liquidation following cash flow and inflationary pressures. The firm’s demise was confirmed by CEO and founder John Wardle who said: “To our supply chain who supported us to the end. turnover generating a pre-tax profit of £455,000.

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Unique Tips For Managing Cash Flow In Your Contracting Company

Contractor Bookkeeping

Cash flow is the lifeblood of any construction company and especially the ones with annual sales volume under $1,000,000. Some construction Company experts even say that a healthy cash flow is more important than your contracting company''s ability to complete projects! What Makes Up Your Construction Company Cash Flow?

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Construction Company Cash Flows Are Easy To Understand

Contractor Bookkeeping

Construction Cash Flow Example. Starting Cash + Cash In - Cash Out] = Cash Flow. "If Let''s Get Some Answers - Contractors and sub-contractors know there is more to profits than what is shown above and most of you rely on your "gut feel" to know when project has made a profit or not.

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Claritas Group heading for liquidation

Construction Enquirer

Kent based contractor Claritas Group is heading for liquidation after being sunk by cash-flow and inflationary pressures. “The challenge of cash flowing and managing the losses associated with the inflationary pressures of these uncertain times was just too great. turnover generating a pre-tax profit of £455,000.

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5 Critical Construction Project Reports your System Should Pull Without Fuss

Viewpoint Construction Technology

Here’s a list of key reports that you should be able to pull at any moment from your construction project management software: Basic Accounting Reports. At a bare minimum, you’ll need the following for your accounting function: profit and loss report, balance sheets, trial balance and trading summaries.

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Tips for Creating a Healthy Cash Flow

Best Practices Construction Law

Who couldn't use more cash during the holiday season? No matter the season, however, construction companies rely heavily on cash flow to fund their operations. Cash flow depends on so many variables, but there are a few that you can control. Tie bonuses or other incentives to effective cash flow management.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. About Us Contact Us Advertise Press Releases Upload Artwork Via FTP -->. Data Security in the Cloud » Collaborating on Cash flow. Bad or outdated information is probably one of the biggest reasons cash flow issues occur. STRATEGY |. MANAGEMENT |.

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