THE NUMBER of registered construction insolvencies in England and Wales was 291 in December 2024.
The December figure is 8% lower than in November 2024 when 316 construction companies went bust.
Overall, construction firms accounted for 16.3% of all insolvencies in England and Wales in December 2024, according to the Insolvency Service.
By rough comparison, construction firms accounted for 14% of all registered businesses in the UK in 2024.
Total Construction Insolvencies
The total number of construction firms becoming insolvent in 2024 was 4,032. This was an 8.1% decrease on the 4,388 insolvencies recorded in 2023, and a 25.3% increase on the 3,218 in pre-pandemic 2019.
Of all…
