The construction sector has seen almost 4,000 insolvencies over the past year – the highest total of all industries.
The latest Insolvency Service figures reveal 3,984 construction firms went under in the 12 months to the end of June, which accounted for 17 per cent of all business failures.
This was higher than the second-placed trade, wholesale and retail (3,655), and hospitality in third (3,366).
In July, the overall number of registered company insolvencies in England and Wales was 2,081, similar to June this year (2,053) and July last year (2,078).
Monthly company insolvency numbers in the first seven months of 2025 were higher than the second half of 2024, but remained slightly lower than the 30-year annual high seen in 2023, the…