Construction Industry Insolvencies - New ASIC data

New research produced by Kingsway gives an insight into construction industry insolvencies.

The report covers the period from 2009-1010 and examines the amount of money lost in construction insolvencies.

The research is based on recently released data from ASIC

Click here to download the full report.

Key Findings

1,862  the number of construction industry insolvencies in 2010/2011

23%  the percentage of all insolvencies that are in the construction sector

54%  the percentage of Australian construction insolvencies that occur in NSW

$ 2.64 billion the estimated amount of money lost by creditors in construction related insolvencies annually

Zero        the likely return to unsecured creditors in the event of

a building company collapse

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