The construction industry trade press frequently writes about administrations in the industry. Whilst the Insolvency Service’s figures show that around one construction company went into administration every other day in Q1 2023, significantly higher numbers went quietly into liquidation during the same period.
Construction and Insolvency experts from law firm Womble Bond Dickinson have come together to offer guidance to businesses on navigating the construction industrys insolvency storms to support companies to protect their businesses, finish their at-risk projects, and mitigate their losses.
A guide to insolvency terminology
Each week we are seeing stories in the news about construction companies becoming “insolvent”, going into “li…
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