Failures in 2022
UK construction companies that went bust in 2022
- Failures in 2022
- 23
- In 2021
- 13
- Largest
- Midas Construction
23 construction companies in our register failed in 2022, against 13 in 2021. Of these, 16 were administrations, 6 were creditors' voluntary liquidations and 1 was a company voluntary arrangement.
The largest was Midas Construction, with turnover of £261m in its last accounts. 7 were main contractors, the most of any type of business. Companies in the same group are counted separately (2 from Avonside).
Failures by month
The most in one month was 6, in September.
The biggest failures of 2022
Ranked by turnover in each company's last accounts before it failed, with the largest company in each group.
| # | Company | Failed | Last turnover | Staff | Owed to creditors |
|---|---|---|---|---|---|
| 1 | Midas Construction | Feb 2022 | £261m | 254 | £19m |
| 2 | Roadbridge UK | Mar 2022 | £96m | 140 | £23m |
| 3 | Mechanical Facilities Services | Apr 2022 | £50m | 104 | £10m |
| 4 | Avonside Roofing | Sept 2022 | £48m | 184 | £11m |
| 5 | Realisations (CM) | Mar 2022 | £45m | 222 | £21m |
| 6 | Robert Woodhead | Oct 2022 | £40m | £10m | |
| 7 | Laxmanbhai Construction (U.K.) | Jan 2022 | £37m | 64 | £4m |
| 8 | W.stirland | Sept 2022 | £27m | 48 | £4m |
| 9 | Horbury Building Systems | Sept 2022 | £27m | 139 | £80k |
| 10 | DCB (Kent) | May 2022 | £21m | 78 | £7m |
Why they failed
The reasons given in the insolvency reports for the companies that failed in 2022.
- Cash flow82%
- Losses on contracts53%
- Funding withdrawn53%
- Covid-1953%
- Cost inflation41%
- Delays41%
Share of the 17 failures (each group counted once) whose insolvency reports explain why the business failed. Most give several reasons, so the shares add up to more than 100%. Each failure's page shows its own reasons and links to the report.
By type of insolvency
- Administration16
- Creditors' voluntary liquidation6
- Company voluntary arrangement1
By region
- Greater London6
- South East England3
- East Midlands3
- North West England3
- South Wales2
- Yorkshire and the Humber2
- East Anglia2
- Scotland1
- South West England1
Where the company was based before it failed.
Every failure in 2022
| Company | Date |
|---|---|
| Justice Support Services (North Kent) | 6 Dec |
| GPB Construction | 23 Nov |
| Waterstone Homes | 28 Oct |
| Jehu Project Services | 28 Oct |
| Robert Woodhead | 18 Oct |
| W.stirland | 16 Sept |
| Cheevers Poole | 8 Sept |
| Avonside Group ServicesPart of Avonside | 7 Sept |
| Avonside RoofingPart of Avonside | 7 Sept |
| Noel Regan & Sons Building & Civil Engineering Contractors UK | 5 Sept |
| Horbury Building Systems | 2 Sept |
| Harris CM | 12 Aug |
| MID Group Services | 8 Aug |
| Oakmont Construction | 13 Jun |
| Mizen Design/Build | 19 May |
| DCB (Kent) | 16 May |
| Urban Splash House Holdings | 11 May |
| Mechanical Facilities Services | 5 Apr |
| Olympius Developments | 23 Mar |
| Roadbridge UK | 11 Mar |
| Realisations (CM) | 8 Mar |
| Midas Construction | 8 Feb |
| Laxmanbhai Construction (U.K.) | 13 Jan |
Other years
Our register covers larger UK construction companies (those filing full, group or medium-sized accounts) plus well-known failures, from Companies House and The Gazette. It doesn't include every insolvency: the Insolvency Service's official statistics count all construction company insolvencies, most of them small firms. Turnover comes from each company's last accounts and what was owed from the administrators' or liquidators' reports.