Nail getting paid by the customer

Construction has the highest insolvency rate of all industries. In April – June 2023, a staggering 18% of all insolvencies were in construction. Simon Lazarus of the Better Business Group believes this reflects a long-standing and serious problem with the way in which so many construction companies operate. In this episode, Joanna Mulgrew, HBXL's MD, finds out what building firms can do to better protect themselves.