Failures in 2023
UK construction companies that went bust in 2023
- Failures in 2023
- 50
- In 2022
- 23
- Largest
- Buckingham Group Contracting
50 construction companies in our register failed in 2023, against 23 in 2022. Of these, 31 were administrations, 10 were creditors' voluntary liquidations, 6 were compulsory liquidations and 3 were company voluntary arrangements.
The largest was Buckingham Group Contracting, with turnover of £665m in its last accounts. 24 were main contractors, the most of any type of business. Companies in the same group are counted separately (4 from Inland, 3 from Real and 2 from Tolent).
Failures by month
The most in one month was 9, in October.
The biggest failures of 2023
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 | Buckingham Group Contracting | Sept 2023 | £665m | 658 | £198m |
| 2 | Henry Construction Projects | Jun 2023 | £402m | 49 | £43m |
| 3 | Tolent Construction | Feb 2023 | £198m | 365 | £45m |
| 4 | Michael J. Lonsdale | Oct 2023 | £191m | 237 | £118m |
| 5 | Inland Homes | Oct 2023 | £182m | 138 | |
| 6 | J. Tomlinson | Jul 2023 | £106m | 460 | £17m |
| 7 | Lane END Developments Construction | Apr 2023 | £81m | 106 | £12m |
| 8 | Metnor Construction | Feb 2023 | £63m | 65 | £10m |
| 9 | Mac-Exteriors | Jun 2023 | £58m | 54 | £1m |
| 10 | Real Places | Nov 2023 | £57m | 89 |
Why they failed
The reasons given in the insolvency reports for the companies that failed in 2023.
- Cash flow87%
- Losses on contracts77%
- Cost inflation63%
- Delays50%
- Covid-1950%
- Funding withdrawn37%
Share of the 30 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
- Administration31
- Creditors' voluntary liquidation10
- Compulsory liquidation6
- Company voluntary arrangement3
By region
- South East England13
- Greater London11
- East Anglia9
- North East England6
- Yorkshire and the Humber5
- North West England3
- North Wales1
- East Midlands1
- West Midlands1
Where the company was based before it failed.
Every failure in 2023
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.