insolvencies fall by third for construction companies
Latest figures have shown that the number of construction companies to go bust has almost halved since 2008.
Credit risk analyst Vision-net have confirmed that 14% of all company failures this month involved members of the construction sector.
Evidenced by the figures, the sector has also seen a year-on-year drop of 7.5%, with 21.5% of all insolvencies relating to construction firms in February 2013.
The majority of firms were based in Dublin, with 15.1% and 6.5% in Cork and Galway respectively.