The construction industry was the worst hit sector for insolvencies over the past year, newly released official figures show.
Data from the Insolvency Service show insolvencies in the sector reached their highest level for seven months in February.
There were 367 insolvencies in the month, the highest number since June 2024, when there were 400.
This continues the trend from the Insolvency Service’s figures for the 12 months to January 2025, which also showed the construction industry was the worst-affected industry in terms of insolvencies.
Figures previously revealed by Construction News showed a sharp spike in administrations during February, with the likes of Acheson Construction and JS Wright & Co going under.
The Insolvency Service…
