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Tue June 22 2021

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Construction's failure rate slows

24 May 12 There has been a slight improvement in the health of the construction industry over the past year, according to an analysis of failures by information services company Experian.

Hurray!
Hurray!

The building and construction sector experienced 249 business insolvencies in April 2012, according to Experian’s analysis, which is 14% fewer than in April 2011.

The seven failures in the building materials sector was a 12.5% improvement on April 2011.

Experian’s insolvency index gives each business sector a financial score. Building and construction’s score has improved year-on-year from 82.22 to 82.70.

The percentage of the construction businesses failing declined from 0.18% to 0.15%.

Across all industries, a total of 1,564 businesses failed during April 2012, representing 0.08% of the business population.  In comparison, 1,808 firms failed in April 2011, representing 0.10% of the business population.

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