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Sun November 29 2020

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Construction’s insolvency rate falls for 12th successive month

28 Nov 13 The construction industry’s insolvency rate fell once again in October compared to the previous year, but only marginally.

An analysis by business information firm Experian found that 0.14% of building and construction companies failed in October 2013, compared to 0.15% in October 2012

This means that the insolvency rate within building and construction has now fallen year-on-year for 12 consecutive months.

However, the actual number of companies in the sector failing increased from 253 in October 2012 to 255 in October 2013. One in seven UK companies that became insolvent in October was in the construction sector.

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