Construction’s insolvency crisis: How businesses can survive economic pain

Construction’s insolvency crisis: How businesses can survive economic pain

By Christopher Love, Head of Corporate Restructuring and Insolvency at Primas Law There’s no doubt that businesses are feeling the pinch, but none more so than the construction sector, after new stats revealed a 19.9% increase in insolvencies in February. Inflation and interest rates may have steadied, but the sector is still being hit hard with volatile material costs, labour shortages, and delayed payments all combining to make construction a …