News tagged Insolvency
  • Merit administrators agree sale of former head office

    Administrators for offsite specialist Merit say they have agreed a deal to sell the company’s former headquarters. A report by administrators from insolvency specialists Interpath, published this week on Companies House, details that the head office in Cramlington, Northumberland, has been snapped up by a… The post Merit administrators agree sale of former head office appeared first on Construction News.

  • Monthly construction insolvencies fall by nearly a third

    Construction business insolvencies in England and Wales fell by nearly a third in May 2026, according to the latest monthly Insolvency Service (IS) figures. Data released this morning shows 281 construction firms collapsed last month. This marks a 30 per cent month-on-month decrease compared with… The post Monthly construction insolvencies fall by nearly a third appeared first on Construction News.

  • Ardmore collapse triggers 275 job losses

    Two insolvency practitioners - BTG and Panos Eliades Callender & Co - start assessing assets

  • Groundworks specialist sold in pre-pack administration

    A £23m-turnover groundworks specialist has been bought in a pre-pack administration deal. Hampshire-based Mackoy Groundworks and Civil Engineering went into administration on 9 June, with insolvency specialists Quantuma citing labour and material costs as a cause of the firm’s struggles. The contractor has been sold… The post Groundworks specialist sold in pre-pack administration appeared first on Construction News.

  • The construction sector is still pricing for a world that no longer exists

    Freddy Khalastchi is a partner at business advisory and accountancy firm Menzies  UK construction remains under significant strain. The sector accounted for 17 per cent of all company insolvencies in 2025, according to the Insolvency Service, once again placing it at the top of Britain’s… The post The construction sector is still pricing for a world that no longer exists appeared first on Construction News.

Resources tagged Insolvency

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