Search Results for: insolvencies

Construction sees the highest number of insolvencies in the year to April with 4,104.

The wider group comprises Lorne Stewart Engineering, Lorne Stewart Facilities, Rotary Building Services, and Modular Designed Solutions.

Wider insolvency data highlights construction remains the hardest-hit sector, accounting for 3,933 cases – 17 per cent of all industries.

Bosses said the rail freight asset was ‘not essential’ to its strategy to grow its circular materials offering.

‘The government’s strategy of chasing unpaid taxes may also impact many businesses with excess debt in the process’ – Begbies Traynor.

The construction industry remains the sector with the highest number of company failures in England and Wales over the past year.

Though insolvencies eased slightly, experts warn the sector remains pressured by inflation, interest rates, cash flow and supply chain issues

Interest rates, inflation, and fragile investor confidence were cited as the biggest threats to sector growth.

Part of the Ardmore Group, Ardmore Construction Limited is a family-owned and operated main contractor, founded in 1974.