Distress signal: construction, admin and retail are all seeing greatest number of insolvencies
Small business insolvency rose by 6.3pc in the first three months of 2019 compared with the previous quarter.
There were 4,187 company insolvencies between January and March this year, according to The Insolvency Service.
Construction, administration and retail sectors all struggling with higher wages and employer pensions auto-enrolment costs were the sectors most affected by small business insolvency.
The construction sector, which is notoriously dogged by late payments, has the highest level of insolvencies, up 0.6pc in 2018.
Mike Cherry, chairman of the Federation for Small…
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