Positive data may be masking dire plight of construction sector
Construction insolvencies have tripled over the last two years and, despite an uptick in building approvals, signs are emerging that the financial health of the industry could be in for a grim diagnosis.
Facing eroding profits and falling liquidity, downgraded companies are at risk of adding to the construction industry’s insolvency rates. (Image source: Shutterstock.com)
A slight improvement in building approvals may be masking a ticking time bomb in the building sector.
New research released on Monday (14 October) has revealed that construction company insolvencies remain nearly double historical levels and the number of business exits across construction is continuing to rise.
Construction businesses are facing increased financial uncertainty, with recent data from Equifax, the global data, analytics and tech…
