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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. CEO and founder Jon Wardle confirmed the news in a statement while thanking staff and suppliers for the impact of the failure. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Industry News. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. Data Security in the Cloud » Collaborating on Cash flow. Construction is a Team Sport. STRATEGY |.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Construction Law. Construction Safety. Industry News. Construction Business Owner Magazine. Construction Business Owner E-Newsletter. -->. -->. « The (Construction) Telephone Game. You Know You Need New Construction Software When….

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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. Latest accounts for Claritas Group for the year to March 31 2022 show a £50.4m Details show trade creditors owed £2.7m and subcontractors a further £4.6m

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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers.

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40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

This month, we have 40+ product releases across Autodesk Construction Cloud , including Autodesk Build, Autodesk BIM Collaborate, Autodesk Takeoff, BuildingConnected, and Assemble. Admin Console | Rename Roles – Account administrators can update the names of roles within their account.

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J Tomlinson going into administration

Construction Enquirer

It is the latter division which has been battling long term contracts with hyper inflation, schemes priced pre-covid which ultimately has impaired the groups cash-flow. ” Latest accounts for J Tomlinson for the year to September 31 2021 showed a turnover of £106m generating a pre-tax loss of £657,000. .