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Insolvency warning as industry faces mounting challenges

By 2022-01-24T10:48:00

insolvent

Contractors hit harder than architects as costs rise and government ends covid support

More than 340 architecture and engineering firms have gone bust since the start of the pandemic, according to the latest figures for England and Wales from the Insolvency Service.

There were 27 firms in the category that went under in November, a year-on-year increase of 145% and barely down from 2021’s peak of 30 insolvencies in September.

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