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Sat June 15 2024

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Insolvencies rise 7%

29 Sep 11 The number on building and construction companies becoming insolvent in August 2011 was 7.3% higher than in August 2010, according to the latest data from information services company Experian.

A total of 265 building and construction companies became insolvent in August 2011, compared with 247 in August 2010.

The financial strength score assigned to the sector by Experian dropped from 77.57 a year ago to 76.66 – one of the lowest of all business sectors.

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