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The building industry has faced challenges in recent years, with 80% of construction companies using their own funds to complete projects, 75% of residential building firms operating on a net profit margin under 3%, and construction costs rising by 25%. As a result, many businesses are struggling financially, some resorting to calling in liquidators.
To help you ensure you’re well prepared for any risk and handle financial difficulties before they lead to potential insolvency, you need to be aware of the early warning signs of insolvency in your construction business.
Clout Advisory Director Michael Brennan, a leading expert in insolvency, turnaround and restructuring, knows all the ways a business may fail or become insolvent and how best to prevent this from happening. During this webinar, Michael will dive deep into the early indicators of insolvency for construction companies and frameworks to mitigate the risks companies face in challenging economic conditions.
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