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There may be an
improving picture for the construction industry across the UK, as there has been
a small drop in the total number of actual administrations in the second quarter
down from 87 to 86 when compared with the first quarter.
The city of Bradford has the highest business insolvency rate of 0.6% of
registered businesses in the city failing, up 45% since Quarter 1.
Manchester follows closely behind with a rate of 0.57% - up 17 percent the first
three months of the year.
Construction companies seem to be particularly at risk as the smallest mistake
on a project can lead to serious cost overruns.
Source:
RedAlert
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