Latest Insolvency Service stats underscore grim business climate

May insolvency figures released last week show a worrying position for the construction sector, said Fladgate’s Jeremy Whiteson. FRP’s Allan Kelly noted that his firm’s own data indicates that construction was the UK sector with the highest number of insolvencies in Q2 this year and, with some 23,000 construction companies showing signs of distress, remains the most challenged sector. More from Construction News.