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News » UK » Construction insolvency risk still high » published 25/09/2012

Construction insolvency risk still high

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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.

MPU

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This article was published on 25/09/2012 (last updated on 25/09/2012).

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