Latest News

DCBL chevron plain
DCBL High Court Enforcement Agents recovering a van due to bad construction debt

Construction Debt: Failing at the foundations?

More than 70% of Construction companies in the UK have bad construction debts. Around 280,000 firms in the sector are each losing around £10,000 per year equating to an industry loss of £2bn.

Bad debt is a serious issue for many construction companies and represents a great discrepancy in the sector. Non-payment can present itself due to customer disputes, Insolvency after the work is completed and differences in agreed payment terms. This has a huge impact on the contractor themselves as they have often had to bear the expense of labour and materials.

The number of insolvencies in the sector is rising on average by 10% each year and is currently at an all-time high since 2014. The figures and other statistics regarding debts in the construction industry paint a bleak picture. However, a lot of the problem is down to individual companies taking too long to recover the money that is owed to them.

Whether that be down to not wanting to darken a good relationship with the client, thinking the money will arrive eventually or down to not being bothered to chase what’s rightfully owed. Ultimately if the money is yours it needs to go in your pocket, not stay in someone else’s.

Cash flow is essential to keeping your business afloat and whether you are owed a few thousand pounds or several hundred thousand, DCBL can help you recover the funds due to you.

Debt recovery in the construction industry requires specialist expertise, the complex nature of construction contracts can often mean you are paid less than actually owed, not paid within your terms, or even not paid at all. One of the biggest issues for construction debt is quick reactions in terms of payment recovery and many businesses struggle to get these payments back. This is where we specialise, we ensure your debt is recovered quickly and successfully without tarnishing your business or relationship with your client.

Speed can mean the difference between failure and success

Direct Collection Bailiffs Limited (as seen exclusively on the Channel 5 T.V series Can’t Pay? We’ll Take it Away!) have a unique understanding of the Construction industry and the best practices to ensure the debt is recovered. By instructing DCBL to recover your outstanding debts, with our knowledge of the industry and experience in debt collecting you can be confident that you’re in good hands.

All our processes meet FCA and ICO standards and we hold ISO9001:2015, NLA, BPA, IPC, CSA and ICO memberships and accreditations.

If you’d like to discuss any requirements you have or to find out more on how we can recover your debts, please get in touch via our form or call us on 0203 298 0201.


Get my free quote
DR - Get a free quote

Related articles

Success Story - Commercial Payments back on track

30th November 2020

Debt Recovery Success Story: Commercial Rent Payments Back on Track

NewsSuccess Story

Debt Recovery Success Story In a remarkable debt recovery success story, DCBL helped a charitable housing association facing challenges with a commercial tenant who had decided not to pay rent … Continued

Read Article
Small Business With Better Cash Flow after successful debt recovery

9th July 2018

Don’t let your business fall into a cash flow nightmare…

Debt RecoveryNews

The biggest cause of cash flow problems for small and medium enterprises (SMEs) is unpaid invoices. The average SME in the UK is owed more than £108,000 in unpaid invoices, … Continued

Read Article
DCBL High court enforcement recover your money

29th June 2018

Can our High Court Enforcement Officers help recover your money?

High Court EnforcementNews

Recover your money – Our client portfolio ranges from Blue chip companies to Sole Traders to Private individuals. One of our recent successful collections was for a small business (SME) … Continued

Read Article