The number of construction companies in England and Wales filing for insolvency in 2024 was 4,032, an 8% decrease from the 2023 total of 4,388.
The number of registered company insolvencies for the construction industry in December 2024 was 291, down 8% from November 2024 (319) and down 20% from December 2023.
Mark Supperstone, partner at financial services consultant, said: “The latest ONS insolvency figures for January 2025 show an overall rise in insolvencies across England and Wales. However, digging into the sector statistics, insolvencies in construction are down at 291 compared to 319 in the previous month (November 2024). This decrease is interesting in light of the recent S&P Global UK Construction PMI report which showed…
