Monday February 17, 2020

Huge rise in building firms going bust

Almost 700 building companies collapsed last year as activity in the construction sector ground to a halt.

8th January, 2011

Almost 700 building companies collapsed last year as activity in the construction sector ground to a halt.

New figures show that 684 construction and engineering firms went into liquidation, receivership or examinership in 2010.

The number of collapses was up by 15 per cent on 2009, when 593 companies in the sector went out of business, according to research by business advisory firm FGS.

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