Over 2600 construction firms went bust in 2011

Published:  19 January, 2012

LONDON: New figures from accountants PricewaterhouseCoopers reveal a 6% jump in construction insolvencies last year compared to 2010, when 2527 companies went into administration.

Over 5000 construction firms were lost in two years, the PwC figures show, with London, the West Midlands, Yorkshire and the North West the hardest hit. London alone saw 927 construction insolvencies last year.

Jonathan Hook, head of engineering and construction at PwC, said: "2011 was another tough year for the construction sector and there were 6% more insolvencies in the sector in 2011 than 2010.

"Over the last two years we have lost more than 5000 companies and the trend shows no sign of abating."

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.