Construction accounts for 40% of collapsed firms

Engineering and construction firms accounted for almost 40 per cent of all companies that collapsed in the first half of this year, according to new figures.

Ian Kehoe - avatar

Ian Kehoe

8th July, 2006

Engineering and construction firms accounted for almost 40 per cent of all companies that collapsed in the first half of this year, according to new figures.

The figures, from business consultants Farrell Grant Sparks (FGS), show that 71 construction and engineering companies went into liquidation, examinership or receivership in the first half of this year.

This compared with 55 collapses in the sector for the same period last year.

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