We offer both individuals and institutional investors a wealth of experience across different sectors, having facilitated transactions such as the construction of hotels and student accommodation, installation of windfarms, litigation settlements, social housing, bridges, power stations, and recycling operations.
“Prudential Trustee Company provides a superb service. Over the past 18 months they have enabled us to administer millions of pounds in contract payments without a single issue. Their service allows us to protect our own payment surety and also provide payment surety to both National and International Sub-Contract partners."
- Construction company
“Since our initial interaction with Prudential and subsequent appointment as our Escrow Agent the service we have received has been first-rate, we look forward to continuing our working relationship with the team."
- Escrow client
“My clients needed to demonstrate secure funds for a two-year period. I found everyone that I dealt with at the Prudential Trustee Company on this matter to be accessible, helpful and easy to deal with."
- Law firm
The escrow process can vary. We outline some of the key stages that a typical escrow process would follow (for example, in the real estate space).
Developer, Funder and Escrow Agent agree to a set of conditions to be set out in what is called ‘the Escrow Agreement’. These protect all parties and offer payment security (guarantee of payment)
Funder’s money is held in an independent account by Prudential Trustee Company Limited (PTCL). Both Funder and developer are protected.
As each pre-agreed condition is reached, PTCL receives the required drawdown notice. Once verified, the funds are released.
Once the final conditions of agreement are met then the balance of funds are released and the agreement is terminated.
To find out more or enquire about our Escrow Agent services, contact us.