Scottish construction sector 'still vulnerable'
The construction sector is still facing "deep-rooted" difficulties, four years after the start of the recession, a report has suggested.
Insolvency trade body R3 said the collapse last week of South Lanarkshire civil engineering group WJ Harte and RJT Pennant indicated the sector remained vulnerable.
Harte collapsed after several of its smaller clients failed. R3 said small firm failures indicated a domino effect in the sector.
Recent figures from the Insolvency Service showed 138 Scottish construction businesses went under in the first three quarters of 2011, compared with 158 for the whole of 2010 and just 72 in 2009.
R3 Scottish council member John Hall said: "The Harte construction collapse is indicative of a domino effect within the sector. ...Read more
Source: BBC News | www.bbc.co.uk/news
Clinton Cards to go into Administration
