6,146 construction firms bust in last 2 years

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Published by Max Salsbury for 24dash.com in Housing and also in Development, Finance

A massive 6,146 construction firms have gone bust since September 2010.The Insolvency Service's statistics show that 868 folded in 2012's second quarter alone. However, second quarter liquidations were 6.06% lower than in quarter one.Significantly, there was a 12% rise in the number of construction companies forced into compulsory liquidations compared with a 13.9% drop across all other business sectors.Construction and property firms made up 23% of the total number of businesses in England and W...

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