In October 2024, the number of registered company insolvencies in England and Wales was 1,747, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year. However, company insolvency numbers also remained much higher than levels seen during the Covid-19 pandemic and between 2014 and 2019.
The construction industry experienced the highest number of insolvencies in the 12 months to September 2024, reaching a total of 4,264.
Commenting on the latest construction insolvency statistics Kelly Boorman, national head of construction at RSM UK, said: “Challenges remain for the construction industry following the collapse of several major firms in recent months, with businesses of all sizes anticipating…
