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2026 FAMILY OWNED, PRIVATELY OWNED AND OWNER-MANAGED BUSINESS SURVEY

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Sectors

Restructuring & Turnaround

Stabilising the ship in volatile times

The construction industry is one of the most volatile sectors in the UK economy. A single supply chain failure, a major project delay, or a sudden spike in raw material costs can create a severe cash flow shock that threatens even the most established firms.

If your business—or a key subcontractor you rely on—is facing financial distress, the most important thing is to act early. We provide urgent, practical, and non-judgmental advice to stabilise your operations and protect your assets.


Turnaround and cash flow stabilisation

When cash is tight, every single day counts. Our turnaround specialists act quickly to assess your immediate liquidity position. We don’t just look at the balance sheet; we look at the project pipeline and the “burn rate.” We help you negotiate with creditors, manage HMRC Time to Pay (TTP) arrangements, and identify areas where cash can be freed up quickly, such as accelerating billing or chasing long-standing retentions. Our goal is to create the breathing space you need to restructure your debts and get the business back on a solid footing without the need for formal insolvency.

Supply chain insolvency protection

In construction, you are often only as strong as your weakest link. What happens if your main contractor or a vital subcontractor goes bust? The ripple effect can be devastating for your own cash flow and project timelines. We advise businesses on how to protect themselves from both upstream and downstream insolvencies. This includes reviewing your contracts for “step-in” rights, securing your plant and materials on-site, and putting contingency plans in place so your projects don’t grind to a halt.

Formal restructuring and insolvency

If a turnaround isn’t possible through informal negotiation, we guide you safely through the formal restructuring options available. Whether it’s a Company Voluntary Arrangement (CVA) to ring-fence historic debt and pay it back over time, or placing a specific project-based SPV into administration to protect the wider group, we handle the process with professional care. We provide clear, direct advice to directors on their legal duties, helping to minimise personal risk and liability during incredibly stressful periods.

FAQs: Restructuring & Turnaround

Expert guidance on identifying early warning signs, managing creditor pressure, and protecting your business from insolvency risks.

Stretching supplier payments beyond terms, using retention money to fund daily overheads, hitting the limit of your overdraft every month, and struggling to meet the VAT or PAYE bill on time.

It is much harder, but not impossible. You must act the moment you receive it. We can help negotiate with the petitioning creditor or explore formal insolvency routes that provide an immediate stay of legal action.

We review your "Retention of Title" clauses to see if you can recover materials and advise on your rights to stop work. Speed is of the essence to ensure you don't become an unsecured creditor for even more work.

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If your business is facing financial pressure, contact our restructuring specialists today for a confidential, no-obligation conversation.

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