Monthly administrations

The volume of construction administrations has increased for the second consecutive month, Creditsafe data shows. A total of 31 businesses went into administration in June, compared with 24 in May and just 13 in April. Despite the uptick, the figure of 68 failures for the second quarter (Q2) of 2024…

Construction administrations crept up again last month, but experts suggest greater client confidence could improve conditions in the near future. Twenty-three construction firms went under in May, according to Creditsafe. The latest toll brings the total number of failed construction firms this year so far to 115, down from 154…

Construction industry administrations dipped to a two-year low in April as the overall economy showed signs of recovery. Only 13 firms hit the buffers last month, down from 29 in March, amid easing inflation. This is the lowest level since May 2022, when 11 construction companies went under. Two failed…

After another year-on-year fall in failures in March, can the construction industry see light at the end of the tunnel? The downward trend in construction company failures continued in March, with 29 collapses compared with 38 in the same month in 2023. The March fall of 24 per cent followed…

The stream of construction insolvencies continued steadily in February with 24 businesses entering administration, according to the latest available monthly data from Creditsafe. This month’s toll was lower than last February, which saw 30 construction businesses go under. However, 50 companies have gone under so far this year, five more…

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…