Everyone has been talking about how to manage cost inflation but looking ahead, might insolvencies become the latest top risk to your business?

Asked 1 month ago

2022-08-31 07:37:59

Temporary insolvency protection legislation introduced during pandemic now removed.
3,850 construction insolvencies in GT Britain in last 12 months.
Construction now accounting for 20% of GB insolvencies yet is probably only 8-9 % of GDP.
Cost of borrowing continues to climb - 6 interest rate rises in 8 months and more to come.
Energy price rises off the scale and no sign yet of any relief for small businesses.
Ukraine war driving most of energy price hike unlikely to end any time soon.
Global materials supply / availability issues continuing.
Labour remains in short supply with no obvious easing in sight.

Please share your contingency planning ideas via Construo.

Steve Hardy
Steve Hardy
Director at Steve Hardy Consulting Ltd

Asked on Wed, Aug 31, 2022 7:37 AM

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