article thumbnail

How To Handle Construction Client Debt So You Get Paid On Time

Contractor Bookkeeping

Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. It can be easy to neglect to manage your debtors when you're busy growing your business, but intelligent credit control is important.

Debt 98
article thumbnail

Kier whittles net debt down to £230m

Construction Enquirer

Kier has whittled down its average month-end net debt to £230m after a better than expected cash performance at its construction division. In a year-end trading statement, Kier said it had also managed to keep the order book above £10bn, with 85% of next year’s forecast revenue already secured. ”

Debt 47
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Types of Capital for Construction Businesses

Levelset

Several different types of capital — working capital , debt capital , and equity capital — are common in the construction industry. Construction companies need to know the differences between the three types of capital and why each one is useful for managing and growing a business. Debt capital. Working capital.

Debt 97
article thumbnail

Supply chain owed £3.8m after collapse of London builder

Construction Enquirer

Suppliers left holding unpaid invoices are unlikely to receive a penny for their debts. Management accounts to December 31 2021 showed a turnover of £17m generating a net profit of £177,000. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors.

Debt 79
article thumbnail

McDermott exits Chapter 11 bankruptcy

Construction Dive

billion of debt and provides the energy contractor's management with 7.5% The reorganization eliminates $4.6 of newly issued equity.

article thumbnail

The Top 10 Mistakes Sales Managers Make (and How to Avoid Them)

Pro Builder

The Top 10 Mistakes Sales Managers Make (and How to Avoid Them). Most sales managers trip over two big stumbling blocks: hiring the wrong candidates, and motivating salespeople incorrectly. Hiring and managing salespeople are the two most important—and most difficult—things you will do as a sales manager.

article thumbnail

Haydon M&E files administration notice

Construction Enquirer

to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. At the time of the CVA Haydon had a loan agreement in place with its former parent company Mears who sold the firm to its management for £1 in 2013.