Experian recorded 248 insolvencies in building and construction during May 2013, down from 303 in May 2012.
This equates to a fall in the industry’s insolvency rate from 0.18% for May 2012 to 0.14% for May 2013.
The equivalent rate for May 2011 was 0.16%.
“Building and construction firms can take heart at the drop off in insolvencies after a particularly difficult period,” said Experian managing director Max Firth.
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