Property, Construction Make Up 20% of U.K. Insolvencies in 2010
This article is for subscribers only.
Real-estate and building companies accounted for 20 percent of U.K. business failures last year as they continued to suffer from the recession, according to advisers Deloitte & Touche LLP.
U.K. companies going into administration last year fell 35 percent to 2,086 from 3,188 in 2009, Deloitte said in an e-mailed statement today. The number of property and construction companies that failed declined 34 percent to 453, making it the worst-affected industry.