Are you fragile or agile? That is the question for contractors…

By Iain Parker2024-01-23T07:00:00

There are many factors at play in a contractor’s ability to withstand the vagaries of a challenging market and political and economic turbulence, writes T&T Alinea’s Iain Parker

While there were pockets of industry celebration last year, we sadly observed too many contracting organisations cease trading. According to the Office for National Statistics, insolvencies were up by 17% in the 12 months to June 2023.

This list included some big names with decades of history, such as Henry Construction, Buckingham Group and MJ Lonsdale. This month, Stewart Milne Group, based in Scotland, entered administration with the loss of more than 200 jobs.

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