The total number of construction insolvencies in England and Wales rose 12.4% year on year in the second quarter of 2018, according to official figures.
There were 696 insolvencies in construction in the second quarter of this year, compared to 619 in the same period a year before, provisional Insolvency Service statistics indicated.
That made it the highest second-quarter tally of construction insolvencies since Q2 2014 (when there were 716 construction insolvencies), with the bulk of the increase coming from specialist firms.
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