Number of construction firms in financial difficulty up by 10% in six months

By Jordan Marshall2020-11-02T06:00:00

Source: Shutterstock

Begbies Traynor says covid has put squeeze on more and more businesses

The number of construction firms in financial difficulties has increased by more than 10% since the end of the first quarter, according to Begbies Traynor.

The corporate restructuring specialist said the number of firms who were came up on its red flag alert data had jumped from 65,456 at the end of the first quarter – one week into lockdown – to 72,402 by the end of September.

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