Construction suffered 293 insolvencies in August

Published:  27 September, 2012

LONDON: Over 10 construction businesses failed every working day in August according to Experian's latest Business Insolvency Index. The number of insolvencies was up 10% on 2011 in the month, to 293 insolvencies in August. 

Insolvencies across the UK economy also increased by 10% over the period to 1723. The number of construction insolvencies was up slightly on July's figure of 289.

Construction remains one of the worst effected sectors by insolvency with 0.17% of businesses in the sector failing last month.

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