Failures in 2024

UK construction companies that went bust in 2024

Failures in 2024: 36
In 2023: 50
Largest: ISG

36 construction companies in our register failed in 2024, against 50 in 2023. Of these, 26 were administrations, 8 were creditors' voluntary liquidations and 2 were company voluntary arrangements.

The largest was ISG, with turnover of £2.2bn in its last accounts. 19 were main contractors, the most of any type of business. Companies in the same group are counted separately (5 from ISG and 2 from Stewart Milne).

Failures by month

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

The most in one month was 8, in September.

The biggest failures of 2024

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	ISG	Oct 2024	£2.2bn	3,079	£885m
2	Readie Construction	Feb 2024	£421m	260	£26m
3	Geoffrey Osborne	Apr 2024	£326m	870	£35m
4	Stewart Milne Group	Jan 2024	£184m	486	£154m
5	ARJ Construction	Apr 2024	£117m	136	£13m
6	Blenheim House Construction	Jul 2024	£87m	84	£19m
7	Linbrooke Services	Oct 2024	£71m	306	£6m
8	Glenevin	Sept 2024	£40m	120	£6m
9	LDO Realisations	Dec 2024	£31m	70	£9m
10	Hadden Construction	Sept 2024	£30m	86	£7m

Why they failed

The reasons given in the insolvency reports for the companies that failed in 2024.

Cash flow86%
Losses on contracts68%
Funding withdrawn55%
Cost inflation50%
Delays50%
Covid-1950%

Share of the 22 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

Administration26
Creditors' voluntary liquidation8
Company voluntary arrangement2

By region

Where the company was based before it failed.

Every failure in 2024

Company	What happened	Date	Sector	Region
LDO Realisations	Administration	18 Dec	Developer	South East England
Rippon Homes	Company voluntary arrangement	15 Nov	Housebuilder	East Midlands
ISGPart of ISG	Creditors' voluntary liquidation	30 Oct	Construction	Greater London
Marden Homes	Administration	21 Oct	Housebuilder	East Anglia
Linbrooke Services	Administration	15 Oct	Civil engineering	Yorkshire and the Humber
Spatial Initiative	Administration	23 Sept	Developer	Yorkshire and the Humber
Extraspace Solutions (UK)	Administration	23 Sept	Main contractor	Northern Ireland
ISG FIT OUTPart of ISG	Administration	20 Sept	Main contractor	Greater London
ISG Engineering ServicesPart of ISG	Administration	20 Sept	Main contractor	Greater London
ISG ConstructionPart of ISG	Administration	20 Sept	Main contractor	Greater London
ISG RetailPart of ISG	Administration	20 Sept	Main contractor	Greater London
Hadden Construction	Administration	10 Sept	Main contractor	Scotland
Glenevin	Administration	6 Sept	Civil engineering	Greater London
Blenheim House Construction	Administration	18 Jul	Main contractor	South East England
Paramount D&B	Administration	15 Jul	Main contractor	South Wales
Piper Homes	Administration	5 Jun	Housebuilder	West Midlands
Bowie Construction	Administration	28 May	Main contractor	East Anglia
4 Square Services	Creditors' voluntary liquidation	22 May	Developer	South East England
HC Realisations 2024	Administration	14 May	Developer	South West England
Geoffrey Osborne	Administration	30 Apr	Main contractor	South East England
ARJ Construction	Administration	29 Apr	Main contractor	East Anglia
NFC Construction And Development	Company voluntary arrangement	28 Mar	Main contractor	Greater London
Modulous	Creditors' voluntary liquidation	21 Mar	Construction	Greater London
Surgo Construction	Administration	14 Mar	Main contractor	North East England
Hiretest	Administration	11 Mar	Main contractor	South East England
Adamson Construction Group	Creditors' voluntary liquidation	7 Mar	Main contractor	South East England
Wooldridge Contractors	Administration	28 Feb	Main contractor	South East England
RYE Demolition	Administration	15 Feb	Specialist trade	East Anglia
High Wycombe Developments NO. 2	Creditors' voluntary liquidation	15 Feb	Developer	South East England
Readie Construction	Administration	6 Feb	Main contractor	Greater London
London Building Company	Creditors' voluntary liquidation	6 Feb	Main contractor	Greater London
60 Curzon Street Developments	Administration	26 Jan	Developer	Greater London
Diamond Build	Creditors' voluntary liquidation	19 Jan	Housebuilder	Greater London
Stewart Milne Homes North West England (Developments)Part of Stewart Milne	Administration	12 Jan	Housebuilder	North West England
Enterprise Residential Development	Creditors' voluntary liquidation	10 Jan	Developer	East Anglia
Stewart Milne GroupPart of Stewart Milne	Administration	8 Jan	Main contractor	Scotland

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.