Drop in number of architects going under
The number of architectural companies going into administration fell slightly last year, according to Price Waterhouse Coopers (PwC)
Since 2010, a total of 274 architecture companies in England have collapsed. The highest number of insolvencies was in London, where 67 outfits have folded.
In that period, more than 5,000 UK construction companies went under.
PwC head of engineering and construction Jonathan Hook said: ‘2011 was another tough year for the sector. Over the last two years we have lost more than 5,000 companies. Cuts to the government’s capital programme and uncertainty around the economy means there is little chance that 2012 will see this trend reverse.’