Construction remained the UK’s most affected industry in May, with 409 firms becoming insolvent, accounting for 16% of all business failures that month.
Two notable collapses highlight the sector's persistent challenges. Corbyn Construction, a major groundworks contractor, entered administration after struggling with losses and mounting court judgments. Administrators have also been appointed for commercial building manufacturer Jans Offsite Solutions. The Antrim-based firm, despite growing revenues, was weighed down by sustained multi-million-pound losses.
The Wholesale and Retail and Accommodation and Food services sectors continue to feel the pressure, with 355 and 334 companies entering insolvency in May 2025. Financial strains and shifting customer expectations continue to reshape the landscape. Wholesale and Retail businesses face tighter budgets as shoppers cut back, while Accommodation and Food services grapple with unpredictable demand and staffing shortages, challenges that intensify pressure across both sectors.
It's clear that 2025 is shaping up to be another tough year. With costs rising steadily and the shadow of global trade uncertainty hanging over many industries, businesses are bracing themselves for ongoing pressures. Success will come down to how well they can adapt and make decisions amid a climate that remains far from certain.