What to do if/ when crunch time approaches

While the COVID-19 pandemic challenged businesses across the UK, the construction industry bounced back at a much faster pace than expected. However, labour shortages and the price of construction materials continuing to soar amid a scarcity of supplies means this trend is beginning to reverse.

As government support winds down – with the end of furlough and a release of the current restrictions on creditor action – we’re likely to see a rise in insolvencies in the construction sector.

We’re delivering a five-part series of webinars designed specifically for the industry looking at the preventative measures to minimise the risk of insolvency and to understand the process should your business find itself in a vulnerable situation.

In the fourth part of this series, we look at: