More than 500 construction companies face going bust amidst the global credit crunch, according to Begbies Traynor.
The latest state of trade survey from the Federation of Master Builders for the first quarter of 2008 makes gloomy reading.
Contractor Morgan Sindall says it has made a positive start to the year and trading is in line with company expectations.
Consultant WS Atkins expects full-year pre-tax profit from continuing operations to be towards the top end of current market forecasts.
Skanska has revealed that it will take a £27m hit in the UK in the first quarter 2008, mainly related to three projects with fixed price contracts.
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