Construction insolvencies outstrip those in hospitality and retail

By Dave Rogers2021-03-18T10:56:00

More than 1,600 building firms have gone bust since pandemic began last March

The number of construction firms collapsing into liquidation in the past year has outstripped those in hospitality and retail – two industries previously thought to have fared worse since the pandemic began.

As the first anniversary of the first lockdown approaches next week, new figures show that more than 8,000 firms went bust in the 10 months between March last year and this January, when a third national lockdown to deal with the covid-19 crisis was ordered.

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