The warning signs: what to do when they appear and how to minimise risk

When COVID-19 restrictions started easing, the construction sector experienced its highest volume of new orders since July 2014, with insolvencies in the industry at their lowest level in a decade.

However, it has recently been hit with building materials shortages and price hikes, and decreases in available labour, all against tight margins and deliverable dates – making it vulnerable to overtrading.

Coupled with the end of furlough and a release of the current restrictions on creditor action, we predict there will be a rise in insolvencies in the sector.

We’ve designed a five-part webinar series specifically for the construction industry, which looked at the preventative measures firms can take to minimise their risk of insolvency.

In the second part of this series, we explored: