The number of construction firms going insolvent increased by a fifth following the collapse of Carillion earlier this year, a new study shows.
A total of 780 companies in the industry fell into insolvency in the first quarter of 2018, a 20% rise on the same period a year ago, said accountants Moore Stephens.
There were 2,764 insolvencies among building firms in the 2017/18 financial year, up by 6% on the previous 12 months, said the report.
