- News
All the latest updates on building safety reformRegulations latest
- Focus
All the latest updates on building safety reform
By Tom Lowe2023-09-13T11:19:00
Source: Shutterstock
Number of construction firms which have defaulted on bounceback loans has jumped by 40% in a year, according to Price Bailey
A surge in construction firms defaulting on covid loans suggests the number of failures like that of Buckingham Group are likely to rise, new analysis has found.
Evidence gathered by accountant Price Bailey also suggests that industry bosses are underestimating their insolvency risk at a time when high interest rates are increasing the cost of servicing loans.
…
Existing subscriber? LOGIN
Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.
Get your free guest access SIGN UP TODAY
Subscribe to Building today and you will benefit from:
View our subscription options and join our community