Construction News

Sun October 25 2020

Related Information

Construction accounted for 14% of insolvencies during 2009

8 Mar 10 Construction companies accounted for 14% of all corporate insolvencies in 2009, according to research by accountants RSM Tenon Recovery.

Construction companies accounted for 14% of all corporate insolvencies in 2009, according to research by accountants RSM Tenon Recovery.

The study found that 3,360 firms in the construction sector went into insolvency in 2009.

Some 862 businesses in the construction sector failed in the last quarter of the year, up by 67% on Q4 2007 and by 16% on Q4 2008.

Total insolvencies in the UK during 2009 were 11% higher than in 2008.
 

Got a story? Email news@theconstructionindex.co.uk

MPU

Click here to view more construction news »