Monthly administrations | Construction News https://www.constructionnews.co.uk Read UK Construction Industry News, Analysis, Opinion and data Fri, 05 Jul 2024 15:38:15 +0000 en-GB hourly 1 https://wordpress.org/?v=6.0 https://emap-romulus-prod.s3.eu-west-1.amazonaws.com/wp-content/uploads/sites/8/2023/07/favicon-cn192-70x70.png Monthly administrations | Construction News https://www.constructionnews.co.uk 32 32 https://www.constructionnews.co.uk/wp-content/themes/mbm-mops-2017/images/logo.gif Construction News https://www.constructionnews.co.uk 125 75 Read UK Construction Industry News, Analysis, Opinion and data Recovery stays out of reach as administrations tick up https://www.constructionnews.co.uk/financial/monthly-construction-administrations/recovery-stays-out-of-reach-as-administrations-tick-up-04-07-2024/ https://www.constructionnews.co.uk/financial/monthly-construction-administrations/recovery-stays-out-of-reach-as-administrations-tick-up-04-07-2024/#respond Thu, 04 Jul 2024 06:00:12 +0000 https://www.constructionnews.co.uk/?p=501779 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…

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]]> https://www.constructionnews.co.uk/financial/monthly-construction-administrations/recovery-stays-out-of-reach-as-administrations-tick-up-04-07-2024/feed/ 0 Construction failures back up after brief dip https://www.constructionnews.co.uk/financial/monthly-construction-administrations/construction-insolvencies-back-up-after-brief-dip-04-06-2024/ Tue, 04 Jun 2024 12:10:33 +0000 https://www.constructionnews.co.uk/?p=500367 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…

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]]> Number of business failures hits two-year low https://www.constructionnews.co.uk/financial/monthly-construction-administrations/number-of-business-failures-hits-two-year-low-07-05-2024/ Tue, 07 May 2024 11:19:39 +0000 https://www.constructionnews.co.uk/?p=498675 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…

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]]> Pace of collapses eases for second consecutive month https://www.constructionnews.co.uk/financial/monthly-construction-administrations/pace-of-collapses-eases-for-second-consecutive-month-04-04-2024/ Thu, 04 Apr 2024 07:49:50 +0000 https://www.constructionnews.co.uk/?p=496783 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…

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]]> Readie collapse dominates February casualty list https://www.constructionnews.co.uk/financial/monthly-construction-administrations/readie-collapse-dominates-february-casualty-list-11-03-2024/ Mon, 11 Mar 2024 07:00:44 +0000 https://www.constructionnews.co.uk/?p=495687 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…

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]]> Rising tide of business failures shows no signs of ebbing https://www.constructionnews.co.uk/financial/monthly-construction-administrations/rising-tide-of-business-failures-shows-no-signs-of-ebbing-06-02-2024/ Tue, 06 Feb 2024 12:28:51 +0000 https://www.constructionnews.co.uk/?p=493705 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…

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]]> December failure figures belie a troubled 2023 https://www.constructionnews.co.uk/financial/administrations/december-failure-figures-belie-a-troubled-2023-04-01-2024/ Thu, 04 Jan 2024 07:00:13 +0000 https://www.constructionnews.co.uk/?p=491989 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.…

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]]> Small operators dominate November’s casualty list https://www.constructionnews.co.uk/financial/administrations/small-operators-dominate-novembers-casualty-list-05-12-2023/ Tue, 05 Dec 2023 10:31:09 +0000 https://www.constructionnews.co.uk/?p=490868 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…

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]]> Quarterly administrations break the 100 barrier in September https://www.constructionnews.co.uk/financial/administrations/quarterly-administrations-break-the-100-barrier-05-10-2023/ Thu, 05 Oct 2023 09:33:58 +0000 https://www.constructionnews.co.uk/?p=487292 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.…

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