The Insolvency Index from information services company Experian reports that this represents a failure rate of 0.18% for the industry, down from 0.2% in June 2010 when 312 building & construction companies failed.
Despite the slight imporovement,聽building & construction had the second聽highest failure rate of 34 industrial sectors analysed. The only sector聽doing more badly is the聽building materials industry, where there were聽10 failures in June, or 0.27% of the total in that sector.
As a whole, the failure rate for all UK businesses remained stabled at 0.09%, Experian said, although the financial strength score of UK businesses as a whole fell from 80.83 to 80.06 in June this year.
The financial strength score for building & construction deteriorated from 77.39 in June 2010 to 77.14. Building materials remained the same at 79.41.
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