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Fri June 25 2021

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Construction company failures fall by 43%

5 Aug 13 Figures on company administrations published by the Insolvency Service suggest that the construction sector is recovering more strongly than other industries.

There were 51 companies from the construction sector going into administration in the second quarter of 2013, compared to 89 in the same period a year before – a 43% drop, year-on-year.

It was the fourth consecutive reduction of administrations for construction.

By comparison, administrations in the retail sector fell a more modest 9% in Q2, while they rose by 4% in manufacturing and by 9% in the property sector.

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