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April 28, 2010 6:50 pm

UK construction: Regional insolvency graphic

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As the construction industry looks to overcome one of the most painful and prolonged downturns in its history concerns are growing that many building companies face the risk of insolvency.

The key danger is that businesses fall into financial difficulty just as the market starts to grow. Lacking the extra working capital needed to take on projects and squeezed by banks’ reluctance to lend, builders can quickly find themselves unable to win the contracts on which they depend.

Our graphic shows the number of construction companies close to insolvency in the main regions of the UK.

Data supplied by Begbies Global Network

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