RSM UK has reported that the UK construction industry experienced the highest number of insolvencies from 12 months to September 2024, reaching a total of 4,264 — much higher than levels seen during the COVID-19 pandemic and between 2014 and 2019. Commenting on the latest construction insolvency statistics, Kelly Boorman, National Head of Construction at RSM UK, warned: “Challenges remain for the construction industry following the collapse of several major firms in recent months, with businesses of all sizes anticipating further distress due to the number of sites impacted, without the workforce available to deliver projects.” She added: “Although more funding provides reason for cautious optimism, there’s still some uncertainty and concern there will be an insolvency domino effect.” To read RSM UK’s news release, go to https://www.rsmuk.com/news/insolvency-domino-effect-looms-over-construction-industry.