Record Surge in Construction Company Insolvencies in 2024 | |
There’s been an alarming increase in construction company insolvencies across the UK in 2024. This trend has raised concerns among industry stakeholders, from contractors and suppliers to financial institutions and policymakers. In this blog, we look at the factors contributing to this growth, the implications for the construction sector, and the key steps companies can take to survive these turbulent times. One of the main drivers behind the leap in construction company insolvencies is the challenging economic environment. The UK economy has faced significant headwinds in recent years, including Brexit-related uncertainties, the lingering effects of the COVID-19 pandemic, and rising inflation, not to mention the recent change in Govenernment. These factors have collectively squeezed margins for construction companies, leading to increased financial distress. | |
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| Target State: All States Target City : Norwich Last Update : Oct 16, 2024 4:18 AM Number of Views: 17 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002461845 |
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