T&T tells firms to be vigilant about insolvency

By Will Ing2019-01-17T06:00:00

Consultant says materials and labour costs will jump this year

Turner & Townsend has warned firms to be wary of insolvency as weaker demand and rising input costs are set to pile further pressure on margins.

The caution follows a punishing year for construction, in which 2,924 firms became insolvent – the highest rate of any economic sector and a 29% above the UK’s struggling retail industry.

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