01937 420500Insolvency Support Case Study: Strike Early
Insolvency Support
Engaging Cooper & Hall early in construction insolvencies can pay dividends, as in this case where our early involvement led to substantial monies being collected.
Service Provided: Post-Construction – Insolvency support
The Client:Cooper & Hall was called in by a firm of insolvency practitioners advising a struggling steelwork contractor on the verge of insolvency.
Our Role: The first task was to immediately obtain detailed information and assistance from the company’s staff, allowing particular debtors to be targeted pre-liquidation. Once liquidators were appointed, Cooper & Hall used the information collected to compile a number of outstanding final accounts and pursue retentions as they fell due.
The Outcome: Cooper & Hall’s early involvement and swift response helped the company to realise over £100,000 pre-liquidation. Thereafter, Cooper & Hall concluded final account settlements and chased retentions realising nearly four times that sum, which enabled the liquidators to pay a substantial dividend to creditors.
