Property consultancy - Business re-organisation servicesThe UK construction industry provides a tenth of the UK's GDP and employs 1.4m people. Construction activity in the UK has continually grown over the last 9 years and indications are that this will continue, supported by both public and private sector investment. Professionals with a stakeholder interest in such activities need specialist advice given the idiosyncratic nature of the industry and its processes. This is particularly the case when construction companies run into difficulties. Ridge offers a number of specialist advisory services to professionals when companies are in difficulty. These are:
Asset realisation A increasing proportion of Ridge's work is in the field of Business Re-organisation Services related to the Construction industry. Our work varies from providing advice to investigating accountants to collection of construction contract debts. We tailor our work and deliverables according to the specific requirements of the client. IBR's Our team members have been involved in a number of IBR's, including pre-lending reviews. These have varied from a large multi-national UK based contractor through to a small family run house builder. The work has been undertaken for Barclays, National Westminster, Lloyds TSB, HBOS, Royal Bank of Scotland as well as consortiums and other financial institutions. Work has also been undertaken directly for contractors. Insolvency proceedings Our team members have provided advisory services to IPs principally in Administrations, Administrative Receiverships and Liquidations. These cases have included general contractors, house builders, mechanical and electrical specialists, subcontractors other and specialists. Projects include Harry Neale, ISIS Construction, Fearnley Group PLC, Takenaka UK Limited, and Swallow Construction Limited. Asset realisation Our Quantity Surveyors (both traditional and specialist) have provided debt recovery services in many Administrative Receivership and Liquidation cases. Collection of construction contract debts is a specialist skill and requires a thorough understanding of contract forms e.g. JCT, NEC, RIBA etc, other associated issues e.g. bonds, and how these are impacted by insolvency proceedings. Development monitoring Ridge provides development monitoring services to a number of different clients who have a stakeholder interest in property and construction work. Recent clients include Barclays Bank, HBOS, Royal Bank of Scotland as well as private developers / investors. |
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For more information please contact Richard Hand, Reading office; Adrian Webb, Southampton Office. Contact us