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READ MORE17,000 construction firms risk collapsing any minute as high inflation is ‘destroying entire sector’
The number of UK construction companies at significant risk of closure has jumped 54 per cent to 16,755 this quarter, up from 10,686, according to fresh data shared with City A.M. this morning.
Construction companies are struggling to cope with spiralling construction costs, inflation and rising interest rates on their debt.
In the last quarter alone 5,900 more construction businesses have been added to the “at significant risk of insolvency” category, the data from audit and tax firm Mazars shows.
Read more at City A.M.
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