London, England – February 28, 2018
Most of the major UK construction companies have been collapsing because of their failure to secure a financial lifeline.
In a statement given to the media, the company owners said that they were unable to secure funds to support their business plan. It is because of this reason that most companies have been facing constant failure and had to shut down their business.
These companies therefore warned their investors beforehand that they are facing cash shortage issues and chances are that they may soon run out of money.
As far as we know, the UK government is putting efforts to build a contingency plan for such collapses since 2017. According to the new government contract, the other partners of these failing companies would be eligible to step up and complete the necessary work. But the critics were unhappy about the government awarding contracts while the construction companies struggled.
It is surprisingly disappointing to see that the UK government continued to favour these failing companies especially when their future progress seemed uncertain at that time. This is one of the costliest mistakes the UK government may have made.
If you are among those construction companies that are facing cash flow issues or are on the verge of failing, then you can make use of construction finance.
Nucleus Commercial Finance offers construction finance which is an innovative funding solution. It provides pre-payments against applications, stage payments and milestones for sub-contractors in construction or other industries, where contracts with their customers have been a barrier to finance from traditional lenders.
The product is based on a traditional factoring approach but benefits from our fixed fee model to ensure transparency on costs.
Apart from this, there are several other funding solutions that Nucleus Commercial Finance offer. To know about them and the services that they offer, you can visit their website https://nucleuscommercialfinance.com/

Nucleus Commercial Finance Ltd.
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+44 (0)207 839 9451
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