Construction administrations rise on bad weather and spending cuts

A COMBINATION of bad weather and reduced public sector spending have caused administrations in the construction sector to rise for the first time in eight quarters, business advisers in Birmingham have said.

David Bennett, restructuring partner in Grant Thornton's recovery and reorganisation practice, said provisional data for Q4 2010 showed 82 constructions had entered administration.

"In some cases, the severe weather conditions in the latter part of 2010 played a key part in the failure of some const... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...