Construction casualties mount

Eighty-six construction companies collapsed in the first two months of the year as the downturn in the property and building sector continued to claim yet more victims.

Ian Kehoe - avatar

Ian Kehoe

7th March, 2009

The figure was more than double the number of construction related casualties for the same period last year, and represented 40 per cent of all failed businesses in the year to date. According to data from business advisory firm FGS, 225 companies went into receivership, liquidation or examinership in January - almost a 150 per cent rise on the year before, when 91 firms collapsed.

In the hospitality sector, 36 companies went bust in the first two months of...

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