Safeguarding your business: construction and engineering

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The Insolvency Service’s most recent quarterly statistics show a 12 per cent rise in construction company compulsory liquidations. In late 2013, Metropex Group and KLM Construction entered administration followed by Eurodisney contractor Mivan in January 2014, demonstrating that trading conditions remain challenging in the construction sector. How can contractors avoid this fate?

You could take proactive steps to protect yourself from the impact of employer insolvency. You should act quickly if a party is not making payments…

Click on the link below to read the rest of the Taylor Wessing briefing.