The construction in Kent

‘Garden of England’ but the county is also a busy region for construction. According to figures from Kent Analytics (Kent County Council) 18.3% of enterprises in Kent are within the construction industry (compared with 14% in England as a whole).

Construction Partner, CooperBurnett LLP

There are risks with any project and, coupled with ongoing global economic uncertainties, this could unfortunately lead to some insolvencies in the sector. According to figures from the Insolvency Service, construction firms accounted for 19.5% of all insolvencies in England and Wales during February 2025.

Contractors and sub-contractors can seek to protect their position against employer insolvency with contract provisions - which can include an escrow account, weighted stage payments, advanced payment, a project bank account and direct payment by a funder.

If you wish to discuss this further, please do not hesitate to contact David Brown, Construction Partner at CooperBurnett LLP. www.cooperburnett.com

This blog is not intended as legal advice that can be relied upon and CooperBurnett LLP does not accept any responsibility for the accuracy of its contents.

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