Construction Insolvencies Leap By 55% In Three Months

The number of construction firms falling into administration leapt by over half during the third quarter of the year. According to KPMG restricted access to finance, rising input prices and project delays caused by political uncertainty have started to take their toll. Administrations in the sector jumped up from 49 in the second quarter to 76 in the third quarter of this year which saw Pochin’s as one of the high profile victims. Regional contractors like the North West’s Marcus Worthington and South West’s Dribuild also went to the wall in the worsening economic climate. Read more on the Construction Enquirer website.

http://www.constructionenquirer.com/2019/10/23/construction-insolvencies-leap-by-55-in-three-months/