Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

UK construction insolvencies fall

The UK construction and manufacturing sectors have seen nearly 9,000 cases of insolvency since the second quarter of 2011, administrator PriceWaterhouseCoopers (PWC) this week announced.

Construction insolvencies fell 5% from 658 to 625 nationally between the last quarter of 2012 and the first quarter of 2013.

“The reduction in manufacturing insolvencies is encouraging but with rising raw material costs and no imminent signs of a material economic recovery, the outlook remains tough for those companies already experiencing financial stress,” said PWC partner Philip Hines.

“The measures in the recent budget to support infrastructure, and in particular levels of house-building are welcome but will take a little while to feed through into output.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.