TOTAL CONSTRUCTION insolvencies in 2024 were down 6.3% on the previous year, according to the latest data from the Insolvency Service.
Construction firms accounted for 15% of all insolvencies in England and Wales in November 2024, with 316 registered construction businesses becoming insolvent.
By rough comparison, construction firms accounted for 14% of all registered businesses in the UK in 2024.
In the year to November 2024, the total number of construction firms becoming insolvent was 4,102. This was a 6.3% decrease on the 4,380 insolvencies recorded in the year to November 2023, and a 27.5% increase on the 3,217 in pre-pandemic 2019.
Total Construction Insolvencies
Of all…
