More than 5,500 construction companies have become insolvent since July 2010, according to number crunching by accountancy firm PwC. That equates to 53 a week.
The second quarter of 2012 did see a slowdown in construction’s insolvency rate. The 644 insolvencies was a 15% improvement on the previous quarter’s 759 construction insolvencies and a 7% improvement on Q2 2011’s figure of 694.
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