Construction News

Sat August 13 2022

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Company failure rate continues to fall

30 Sep 13 There was a 28% drop in the number of construction companies collapsing into insolvency in August 2013, compared with August 2012.

The improvement in construction’s insolvency rate was the biggest seen across all of the major industrial sectors.

A total of 210 building and construction companies became insolvent in August 2013, compared to 293 in the previous August.

The latest Business Insolvency Index from information services company Experian said that this translated to an insolvency rate of 0.12% of all companies in the sector, compared to 0.17% the previous August.

This was the tenth month in a row that construction’s insolvency rate has fallen year-on-year.

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