Construction sector has the highest rate of Insolvencies

The Construction sector was the worst hit industry for insolvencies in the year to April 2024, the Insolvency Service has revealed.
Some 4,401 construction companies in England and Wales registered as insolvent in the period – 18 per cent of all businesses to do so.
The figure is almost 500 more than the next worst-hit industry, wholesale and retail, which saw 3,906 insolvencies. Accommodation and food service activities was the third-worst sector, seeing 3,821 cases.
New Construction sec