References

Mission

Technical assistance during the observation period in receivership

Objectives

• Review of organisation and cost structure
• End-of-project forecasts and 6-month rolling overall forecast

Stakes

• €31M revenue with €6M loss, €33M forecast revenue, 147 employees

Mission

Technical assistance — Dailly

Objectives

• Control and validation of receivables assignments (Dailly law) and account monitoring

Stakes

• €8M, 44 employees

Mission

Control and follow-up of account closures at disposal

Objectives

• Control of works performed and invoicing as of the disposal date
• Follow-up of customer accounts, receivables assignments and litigation

Stakes

• €68M revenue, order book: €30M, 527 ongoing matters

Context

A long-standing specialist in high-end painting works, the company saw its business decline as the trade evolved. Argos Construction's intervention during the judicial liquidation kept the brand alive by facilitating the take-over of two sites.

Mission

Cut-off assistance and closure of unsettled matters

Objectives

• Review of ongoing matters and mobilisation accounts (Dailly)
• Reconciliation of subcontractor statements
• Follow-up of insurance claims and litigation

Stakes

• €5M revenue, €2.3M forecast activity

Context

After four years of exponential growth, this electrical contractor with ten branches was abruptly hit by the downturn and placed in judicial liquidation. Argos Construction provided the technical status update for all 460 ongoing matters.

Mission

Technical assistance to the court-appointed administrator with account closures

Objectives

• Organisation of on-site verification of works performed
• Reconciliation of subcontractor accounts and receivables assignments
• Follow-up of litigation

Stakes

• €87M revenue, €10,873k, 460 matters

Mission

Technical assistance to the court-appointed administrator with account closures

Objectives

• Summary status of ongoing contracts and account closures of contracts not taken over
• Reconciliation of subcontractors and direct payments
• Follow-up of insurance claims and litigation

Stakes

• €16M revenue, €25,444k, 766 main matters, 220 employees

Mission

Assistance to the court-appointed administrator — observation period

Objectives

• Review of organisation and cost structure
• End-of-project forecasts and target business plan

Stakes

• €30M revenue, 100 employees