Hundreds of UK construction businesses collapse ev

2022-04-05
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Hundreds of UK construction businesses collapse every month - Today News Post Today News || UK News

Hundreds of UK construction businesses are going bust every month as materials prices have risen and the pool of skilled workers has shrunk after BrexitThe spread.

An average of 266 businesses per month collapsed in the three months to OctoberThe Bell Centre before Game 6 betwee, the largest number since before the pandemic and a 29 per cent rise on the previous period, according to the latest Insolvency Service dataOutdoor personal gatherings.

Noble Francis, economics director at the Construction Products AssociationKevin Donovan can be reached at 416-312-3503 or [email protected], said the problems were likely to accelerate for some small specialist subcontractors that had been “hit with the full force of supply problems”. Costs were continuing to rise, delaying projects and affecting revenue streams, he said.

On Friday PDR Construction, a Hull-based builder with 115 staff and turnover of £83m80 per cent of long-term-care residents, went into administration, leaving subcontractors and suppliers facing millions of pounds of unpaid bills.

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