The number of administrations in the sector in December was at its highest level since May,
Construction News can reveal.
A total of 20 firms collapsed in December, up from 19 in November and just seven in October, according to data provided by Creditsafe. In May, the total number of new administrations was 34.
The final quarter of 2020 had the least administrations with a total of 46 firms going under during the period. The average number of firms collapsing per month decreased throughout the year, from 30 per month in the first quarter, to 20 in Q2 and 18 in Q3.
Construction Products Association economics director Noble Francis said: “The indications are that activity in December was similar to November, which is buoyant in housing new build and refurbishment, as well as infrastructure activity, while activity was falling away on schools, hospitals, factories and some parts of the commercial sector.