Construction
How will you keep your Gang master’s licence if your company fails?
We have learned though experience that the key to a new phoenix company trading on in the construction industry is the ability to negotiate the ongoing contracts, where viable.
This often involves a tri-party agreement between the Insolvency Practitioner, the customer and the new company. We have successfully achieved these aims in the recent past where the new company retained the staff with the main contractor often subsidising the move to the new company. This provides the main contractor with continuity of supply of existing skilled labour so that deadlines can be met, even where a company has failed.
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