Insert Logo text
Trusted media brand of the Chartered Institute of Housing
Housing Today
Trusted media brand of the Chartered Institute of Housing
Construction insolvencies up 34% on last year
Rise in late and failed payment claims suggest situation could get worse amid concern about insolvencies delaying housing schemes
Increasing numbers of construction companies are going bust as a result of high inflation and interest rates – and the most recent statistics for late payment claims suggest it could get worse.
According to the Insolvency Service, 471 construction firms went under in May, a 34% increase year-on-year and the highest number in recent years.
Login or Register for free to continue reading Housing Today
To continue enjoying housingtoday.co.uk, REGISTER FOR FREE
Already registered? Login here
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Sign up below to receive:
- Breaking industry news as it happens
- Gain access to Housing Today’s Specialist CPD modules
- Expert News and analysis
It takes less than one minute….
Join the Housing Today community - REGISTER TODAY
… or subscribe for full access - Subscribe now