Construction remains the industry group with highest number of insolvencies

Latest Insolvency Service figures have indicated that the construction remains the industry grouping with the highest number of insolvencies in the twelve months ending Q1 2020.

The highest number of new underlying company insolvencies was in the construction industry with 3,077 insolvencies; followed by the wholesale and retail trade, repair of vehicles industrial grouping with 2,360; and the accommodation and food services grouping with 2,317 insolvencies.

Of the larger industry groupings, in the 12 months ending Q1 2020, the construction industry group saw the largest decrease in underlying insolvency volumes (150, a 5% decrease) compared with the 12 months ending Q4 2019.

There was only one bulk insolvency in the last 12 months, a late registration in Q1 2019.