Over £1bn cash retentions held from UK top construction companies: SMEs mainly at risk
An analysis of the accounts of the UK’s top 12 construction companies has revealed that the 9 which published separate figures for retentions are owed more than £800m, indicating that the 12 together are owed over £1 billion of cash retentions. The analysis was carried out for leading construction representative body, the Specialist Engineering Contractors’