Construction insolvency risk still high
Building and construction companies remain twice as likely to go bust as the UK company average.
According to business information company Experian’s Business Insolvency Index, 0.17% of all building and construction companies failed in August 2012, which is double the going rate for all businesses across all sectors of 0.09%.
August saw 293 building and construction companies fall into insolvency, Experian said.
This was 10% higher than the 265 insolvencies of August 2011.
It was also slightly up on July 2012’s figure of 289 insolvencies.
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This article was published on 25 Sep 2012 (last updated on 25 Sep 2012).