The service offered by Keats & Co applies to all aspects of the Construction Industry from General Building Contractors, Civil Engineering Contractors, House Building Contractors to the many sub-contract groups, which fall into these projects. The firm also specialises in assisting Insolvency Practitioners, together with direct assistance to building firms, which is detailed separately.

Our involvement in this sphere has shown that when cash-flow problems arise within the company, there is evidence of the wrong route to resolution in many instances, as instead of tackling the problems head on, the firms resort to either arbitration or litigation proceedings, which tend merely to delay resolution of matters, in some instances by many years when in fact a negotiated settlement is normally the best option.

Concurrently of course, we do provide advice to the Specialist Solicitors who are involved in litigation in relation to the Construction Industry, in particular regard to the preparation and defence of contractual claims, whether or not the contract is subject to formal JCT/ICE or is merely an exchange of letters. However, it would seem to us that it is essential that the Bank identify quickly whether or not the individual Construction Company has any entitlement and whether or not flowing from this is an assessment of the eventual realisation.