Big rise in Construction sector insolvencies
UK debt collections
JANUARY 30, 2024
Latest data analysis by Mazars has found that on average a dozen construction firms are going bust every day after 4,370 firms collapsed last year. In the year to the end of November, 4,370 companies went insolvent compared to 4,086 in 2021/22 and 2,481 in 2020/21. This is an immensely difficult period for the construction sector.
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