Dealing with the insolvency process

Dwindling supplies of key building materials alongside soaring prices and labour shortages is having a huge impact on the construction industry – despite it being one of the first sectors to bounce back when pandemic restrictions started easing.

These challenges coupled with tight margins and deliverable dates means the risk of overtrading is increasing. And with the end of furlough and a release of the current restrictions on creditor action, we’re predicting a rise in insolvencies in the construction sector.

In the fifth part of this webinar series specifically designed for the construction industry, we explored the preventative measures firms can take to minimise their risk of insolvency, as well as talking through the process should a business find itself in a vulnerable situation. We also looked at: