Construction faces “perfect storm” for insolvencies

Construction is facing a challenging year ahead with over 6,000 company insolvencies expected in 2023.
Financial experts at Red Flag Alert fear more than 100 building firms will go bust every week as the total number of insolvencies across all sectors hits 32,000 this year.
Red Flag Alert estimate there is roughly £300m in bad debt within the UK construction industry as we enter 2023, and this could increase to £1bn by the start of 2024.The financial experts warn that companies who w