In the year to January 2024, the total number of construction firms becoming insolvent was 4,383.
This was an increase of 5.9% on the 4,139 insolvencies recorded in the year to January 2023, and a 36.2% increase on the 3,218 in 2019.
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In Scotland, there were 19 construction company insolvencies in February 2024, accounting for 20.2% of all insolvencies.
This was four more than in January 2024, and two more than in February 2023.
The total for the 12-month period up to February 2024 was 203, which was a 0.5% decrease on the 202 insolvencies in the year to February 2023, and a 1.9% decrease on the 207 in 2019.
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