UK construction industry struggles as insolvencies rise

Mike Hayes Consultant Editor, Construction Europe / KHL Content Studio

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.

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