Thursday 2 June 2011

Construction sector insolvencies jump by nearly a fifth

http://www.guardian.co.uk/business/2011/may/31/construction-industry-danger-recession?CMP=twt_gu

Experts warned on Monday that the construction industry could sink deeper into recession as the number of companies unable to pay their debts rose by nearly a fifth in the last quarter, the first rise in two years.
Insolvencies in the construction sector climbed by 19% to 948 in the first three months of the year from 796 in the fourth quarter of last year, according to the accountancy firm Wilkins Kennedy.

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