Housebuilder insolvencies highest for four years

By Joey Gardiner2019-12-09T14:37:00

SME builders struggle with Brexit uncertainty, says accountancy firm Price Bailey

Brexit uncertainty and a weak market in London and the South-east have conspired to put housebuilder insolvencies at a four-year high, according to data obtained by accountancy firm Price Bailey.

It said Insolvency Service figures showed 343 housebuilders went bust in the year to September 2019, up by 26% on the figure last year and a rise of more than two-thirds on the figure from just four years ago.

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