INDUSTRY NEWS


New seminars offer advice over payment problems


Te Specialist Engineering Contractors’ (SEC) Group Scotland is holding two seminars to give SELECT Members advice on how to overcome payment problems. Te invaluable one-day


sessions will cover topics including what to look out for in contract conditions, how to protect your business from non or late payers, and potential problem contract clauses. Te events are being run


by three experts in the construction industry – Professor Rudi Klein, Chief Executive of the SEC Group, Len Bunton, Bunton Consulting and SEC Group Scotland Board member, and Angus Pearson, Fortis


Contracts, Contractual Adviser. Te two seminars are being held on the following dates at these venues: ●●Tuesday 24 September – Te Aberdeen Altens Hotel, Aberdeen ● ●Wednesday 25 September – Dakota Hotel, Motherwell Both of the seminar sessions will run from 9.30am to 3.30pm. To book your place for either


of the events, contact Yvonne Wilson on 0131 445 5577 or email yvonne.wilson@select.org.uk


Read Len Bunton’s column on pages 34&35


Warning after collapse of


UK’s oldest building firm Te collapse of Britain’s oldest building company is more proof of the financial crisis hitting the industry, the Specialist Engineering Contractors’ (SEC) Group has warned. Durtnell & Sons went into insolvency after being owned by


the same family for almost 430 years. Te firm’s accounts for March this year reveal they were


owed £630,000 in retentions, but the bulk of these would have been deducted from their supply chain payments. Te low level of retentions for their recent project in Brighton


– only £10,000 for a £21 million project – suggests Durtnell owes substantially more to its supply chain. It’s feared that at the top of the industry, the extremely weak


balance sheets of the largest contractors in the UK are creating a ‘ticking timebomb’. Trade credit insurers are now withdrawing cover from many


of these companies, leaving supply chains wholly exposed. Rudi Klein, CEO of the SEC Group, which SELECT is a member


of, said: “While itis extremely sad to lose such a long-established firm, there is now concern for Durtnell’s sub-contractors. “Te retention monies belong to the businesses in Durtnell’s


supply chain and for the most part would have represented their profit margins. Te Government must adopt Peter Aldous’ Bill, already in Parliament, which protects these monies from upstream insolvencies.”


Read Rudi Klein’s column on pages 32&33


Rudi Klein


NEW MEMBERS Fourteen firms have become SELECT Members since June 2019


Arelkie Electrical Limited – Dundee


Briar Electrics Ltd – Tayport


Bruichladdich Distillery Company Limited – Isle of Islay


Cadder Housing Association – Glasgow


CEO Electrical – Portlethen C J W Electrics – Inverness


CM Electrical Contractor – Troon


10 CABLEtalk AUGUST/SEPTEMBER 2019 GME – Oban


David Howie Electrical Services – Kilmarnock


Javelin Contracts Scotland Ltd – Coatbridge


KGA Electrical Services Ltd – Denny LDW Services – Argyll


Colin Moffat Electrical Limited – Glasgow


Riddell Electrical Services – East Calder


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