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Insolvencies among smaller builders remain stagnant, finds Experian

27 May 11 The number of insolvencies among the small building and construction businesses remained virtually unchanged in April compared with the previous year, according to latest figures from Experian.

The 'financial strength score' for micro and small businesses in the building and construction remained at 77.4, making it the third-worst category out of more than 30 business sectors covered.

Taking all sectors into account, Experian found that the health of the UK’s micro and small business community had improved in April.

The 289 insolvencies of building and construction companies in April 2011 was just 0.69% better than in April 2010. Experian found that 0.22% of the business population in the category failed - the same as for April 2010.

There were eight insolvencies of building materials companies in April, unchanged from the same month the previous year.

The property sector saw a significant 70.37% year-on-year increase in business failures during April. In total, 184 property firms failed, representing 0.12% of the sector.

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