Construction insolvencies soar in the wake of Carillion collapse

By Jordan Marshall2018-10-02T06:00:00

Around 780 construction companies failed in the first three months of 2018, according to accountant Moore Stephens

Construction company insolvencies have increased by 20% following Carillion’s collapse, a new study has revealed.

Following Carillion’s failure in January, 780 construction firms fell into insolvency in the first quarter of 2018, a 20% increase on the same three months a year ago, according to accountant Moore Stephens.

According to figures from the government’s insolvency service there were 2,764 insolvencies among building firms in the 2017/18 financial year, up by 6% on the previous 12 months, the accountant said.

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