Figures from PwC show their have been 6,179 construction insolvencies since the third quarter of 2010.
But the rate of failures is slowing down with a 4% fall in the last quarter compared to the previous three months.
Jonathan Hook, PwC’s Engineering & Construction leader, said: “Whilst there has been a decline in the number of insolvencies over the last two quarters the industry remains under severe pricing and cash flow pressure.
“I anticipate further failures in the supply chain over the winter period with the first quarter of next year being the peak point for failures in the sector.”
Of the 6,179 construction insolvencies since Q3 2010, 1,799 were general construction and civil engineering firms, with the remainder made up of architectural, building, water projects, painting, roofing and plastering.