Construction health Ellis Fox Blog

Counting the cost of Covid – How healthy is UK construction really?

This past week saw yet another major construction and property service company Midas fall into administration. Construction has halted on all projects and it’s estimated that more than 300 people have lost their jobs. This is significant in an industry that has been experiencing steady growth the past two years despite the pandemic, and a…

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VAT cashflow Ellis Fox Blog

VAT and Cash flow – a new headache for Construction

The reverse VAT changes that have recently come into effect are predicted to negatively impact subcontractor cash flows for the next two to three months. In fact there was an industry campaign launched in February 2021 to try stop its implementation. The primary argument for this is that companies are already being hit hard by…

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