Though insolvencies eased slightly, experts warn the sector remains pressured by inflation, interest rates, cash flow and supply chain issues
Fit-out sector has a multi-faceted supply chain. Managing your subcontractors is the key to executing a successful project
Around a dozen building firms go under every day in the UK construction sector.
In August 2025, Ardmore’s subsidiary Ardmore Construction Limited appointed administrators following losses citing inflation and delays.
Previous progress reports indicate insufficient funds to pay unsecured creditors, including subcontractors owed £18.7 million and suppliers owed £6 million.
Government investment and major infrastructure projects in these sectors are driving growth, with recent activity showing a promising recovery.
Its opening comes on the heels of the company’s completion of the 245-bedroom citizenM Hotel, the hospitality brand’s first Ireland project.
With debts exceeding £500 million, including £91.4 million in cladding claims, the company’s funds are insufficient to fully satisfy creditors.
Construction firms have only a few days left to appoint a new RBCA after the companies’ liquidation on 6 November.
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