Inflation and rate rises put thousands of firms at risk of insolvency, accountant warns

By Daniel Gayne2022-10-03T06:00:00

Source: Shutterstock

The number of at-risk construction companies jumped 54% in the last quarter

Thousands of UK construction businesses risk insolvency because of high costs and unsustainable debt and are ‘desperately hanging on’ until the government’s energy relief package kicks in.

The number of companies at significant risk of going bust has shot up in the last quarter, according to data from professional services firm Mazars, which added 5,900 businesses to the category in the past three months.

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