Insolvency and Liquidation in the UK Construction Industry: Challenges and Solutions

There are a lot of businesses in multiple markets that find themselves going insolvent and as such having to go into liquidation. The construction industry is amongst them and is particularly vulnerable to insolvency for various reasons. These include the fact that construction projects are usually complicated and there needs to be a lot of different stakeholders involved in the project for it to work. If during the process one party becomes insolvent then this can have a ripple effect on the rest of the project as well. It can also lead to subsequent delays, cost overruns, and in worst-case scenarios, the project’s collapse as a whole.

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