Monthly administrations

Administrations continue to rise as insolvencies soar and more construction firms teeter on the brink The construction sector started 2024 with yet another year-on-year increase in business administrations. Data from Creditsafe showed that 26 firms collapsed in January compared with 15 in the first month of 2023. Just four companies…

Construction administrations rose by 42 per cent last year despite a quiet December A grim year for construction business failures ended on a relatively serene note after Creditsafe data showed that 18 firms entered administration in December 2023 – five fewer than in December 2022. In all, though, the full-year…

More than one-third of the firms that went into administration in November employed two or fewer staff November saw a monthly total of 33 business failures – one fewer than November 2022. Despite this relative stability, however, the year-to-date total of 345 administrations marks a 49 per cent increase on…

Buckingham Group was the highest-profile casualty in September as business failures increased by 40 per cent year-on-year The three months from July to September saw 101 construction-company administrations – a record quarterly total since Construction News began publishing monthly data from Creditsafe in January 2020. The September total of 28…