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ARTICLE · 24 JANUARY 2024

Cracks In The Foundations

Shepherd and Wedderburn
Shepherd and Wedderburn
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Contractor insolvency is continuing to dominate headlines with the recent announcement of the Stewart Milne Group entering administration.

United KingdomInsolvency/Bankruptcy/Re-Structuring
Iain Drummond
Iain Drummond
Lindsay Robinson
Lindsay Robinson
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Contractor insolvency is continuing to dominate the headlines in 2024. Iain Drummond and Lindsay Robinson discuss important tips to help you manage the process carefully.

Contractor insolvency is continuing to dominate headlines with the recent announcement of the Stewart Milne Group entering administration. By August 2023 as many as 35 construction firms had gone under since June – 29 went under in July alone, six more than in July 2022.

With contractor insolvencies on the rise, we're providing five essential tips to manage contractor insolvency in construction contracts and to avoid pitfalls. In all circumstances of insolvency, it is important to seek the right legal and commercial advice to avoid making a bad situation worse.

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