Monday, February 8, 2010

427 construction businesses go to the wall in 2009

Construction insolvency warning

Construction businesses have been warned to brace themselves for tough times ahead despite the fledgling economic recovery, with a high rate of insolvencies reported. “Construction business failures are still relatively high and averaged 106 business failures per quarter in 2009. Although this is lower than the 2008 average of 117, this continues to be a major concern for the industry... Coupled with the ongoing economic uncertainty and the impact this is having on the pipeline for future work, trading conditions for the construction sector during the first half of 2010 and beyond are expected to remain difficult." You can say that again. Article supports earlier post about expected tidal wave of business failures once companies are forced to cough up outstanding tax.

Posted by happyrenting @ 03:38 PM (468 views)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>