UK construction industry struggles as insolvencies rise
25 August 2023
Approximately 4,280 construction UK construction businesses became insolvent in the 12 months leading up to June this year, according to data from the government’s Insolvency Service.
According to a report from the Financial Times, this marks a 16.5% increase compared with the same period a year earlier.
The recent collapse of Buckingham Group – a major contractor involved in high-profile projects such as the new HS2 railway line and the Liverpool Football Club’s Anfield stadium…
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