Sector hotspots and trends
Construction
Construction accounted for 24% of all company failures in 2025 and remains the most affected sector, with 747 formal appointments. This represents a 14% year-on-year increase. Q4 2025 recorded 197 appointments, the highest quarterly figure for this sector since Deloitte began collecting sector-specific data in 2022.
The sector continues to face weak demands, elevated build costs, cashflow pressure and a thinning project pipeline. Insolvency risk remains concentrated among smaller contractors, with subcontractor failures amplifying stress across the supply chain.
Implications and outlook
Strong project oversight and robust due diligence remain essential. This includes credit and…