The financial advisory estimates the number of construction companies in ‘significant distress’ has risen by nearly 14% since Q2 2024.

Businesses facing a critical situation have increased by nearly 15% during the same period.

The plumbing, heating and air conditioning sector saw a 24% jump in firms reported they were in significant financial trouble.

Begbies Traynor partner, Julie Palmer warned that UK businesses would have to review where they can tighten budgets or restructure, to give themselves more stability.”

---

One in four business owners believe they have been negatively impacted by confusing jargon.

In a survey by Capital On Tap, over half claimed that misunderstanding of corporate terms had led to missed opportunities, and nearly a third said it had contributed to reputational damage. 

EBITDA — earnings before interest, taxes, depreciation and amortisation — was crowned the most confusing term, with over 40% admitting they were unclear what it meant.

---

Gen Zers in New York have started using Hinge to find dates that are happy to carry out home maintenance jobs.

The trend started when Storm Halestrap, a 24-year-old photographer living in the Big Apple, posted a video of her Hinge date assembling TikTok furniture.

Experts believe the ‘chivalry-tinged’ trend taps into a post pandemic shift, where ladies want utility with their partners. Not just chemistry.

---

To listen to construction news please click below.