References

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

Independent expert appointed by the builder — analysis of delay causes and financial consequences (arbitration)

Stakes

• 22 months of time extension
• €30M of cost overruns and damages claimed by the builder
• €40M of damages alleged by the Owner

Results

/.

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

Mission

Adversarial site condition diagnostic and assessment of restoration costs — court-appointed expertise

Stakes

• €5M claimed by the lessor against an adversarial estimate of approximately €1M

Results

/.