Monthly administrations

The collapse of ISG dominated September’s headlines but the latest monthly administrations data from Creditsafe still gives cause for optimism about the construction sector. There were 24 administrations in September, down year-on-year from the 28 recorded in same month in 2023. The three-month total fell for the fifth quarter in…

What a difference a year makes. A total of 18 companies went into administration in August 2024, according to the latest monthly data from Creditsafe, less than half of August 2023’s toll of 44. This August’s figure was the second-lowest monthly total since January 2023, reflecting a slower pace of…

Fit-out firms took a battering in July, with three specialists among the biggest casualties of the month. In total, 19 firms went under last month, dropping from 31 last month and 24 the month before. Surrey-based Beck Interiors was the largest to hit the brakes. Administrators from Begbies Traynor saved…

The volume of construction administrations has increased for the second consecutive month, Creditsafe data shows. A total of 31 businesses went into administration in June, compared with 23 in May and just 13 in April. Despite the uptick, the figure of 68 failures for the second quarter (Q2) of 2024…

Construction administrations crept up again last month, but experts suggest greater client confidence could improve conditions in the near future. Twenty-three construction firms went under in May, according to Creditsafe. The latest toll brings the total number of failed construction firms this year so far to 115, down from 154…

Construction industry administrations dipped to a two-year low in April as the overall economy showed signs of recovery. Only 13 firms hit the buffers last month, down from 29 in March, amid easing inflation. This is the lowest level since May 2022, when 11 construction companies went under. Two failed…

After another year-on-year fall in failures in March, can the construction industry see light at the end of the tunnel? The downward trend in construction company failures continued in March, with 29 collapses compared with 38 in the same month in 2023. The March fall of 24 per cent followed…

The stream of construction insolvencies continued steadily in February with 24 businesses entering administration, according to the latest available monthly data from Creditsafe. This month’s toll was lower than last February, which saw 30 construction businesses go under. However, 50 companies have gone under so far this year, five more…

Administrations continue to rise as insolvencies soar and more construction firms teeter on the brink The construction sector started 2024 with yet another year-on-year increase in business administrations. Data from Creditsafe showed that 26 firms collapsed in January compared with 15 in the first month of 2023. Just four companies…

Construction administrations rose by 42 per cent last year despite a quiet December A grim year for construction business failures ended on a relatively serene note after Creditsafe data showed that 18 firms entered administration in December 2023 – five fewer than in December 2022. In all, though, the full-year…