The number of insolvencies in the construction industry has fallen, but 2010 will remain difficult, a trade association claims.
Concern remains over the future of the
commercial development industry, despite some positive recent data, it has been claimed.
The number of
construction finance companies going into liquidation has fallen by 5.27 per cent in the last year, according to Experian.
Despite this, the situation still does not look very positive for construction companies, with 30 per cent expecting a fall in workload this year, according to the Federation of Master Builders (FMB).
In addition, there is the spectre of public spending cuts hanging over firms, claims the trade association's director of external affairs Brian Berry.
"Nearly half of our members were reporting a fall in local authority work and I think that possibly could get even worse after the election because everyone is expecting further cuts in local authority spending," he said.
The FMB reported earlier this month that 56 per cent of their members had reported a reduction in work generated by the private sector.
Posted by Tess Nelson.
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