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Cheetham, D W, Kaka, A P and Humphreys, G (1997) Development and implementation of a system of financial planning and control for a medium sized building contractor. Journal of Financial Management of Property and Construction, 2(01), 5–34.

Deakin, M (1997) The development of computer-based information systems for local authority property management: the underlying issues. Journal of Financial Management of Property and Construction, 2(01), 59–82.

Gunning, J G (1997) The costs and benefits of achieving business excellence in construction organisations. Journal of Financial Management of Property and Construction, 2(01), 45–58.

Lowe, J G (1997) Insolvency in the UK construction industry. Journal of Financial Management of Property and Construction, 2(01), 83–112.

  • Type: Journal Article
  • Keywords: insolvency; company liquidations; construction; cash flow; working capital
  • ISBN/ISSN: 1366-4387
  • URL: http://www.emeraldinsight.com/journals.htm?issn=1366-4387
  • Abstract:
    This paper is an analytical and empirical study of insolvency in the UK construction industry. This is of interest because of the apparently disproportionate share of insolvency affecting UK construction. A number of hypotheses are generated and tested. The principle findings of the study are that cash flow factors appear to be largely responsible for the level of insolvency in construction insolvency. Notable variables appear to be borrowing by construction firms, availability of credit and domino effects from general insolvency. Also, while profitability appears to have a measurable impact on insolvency, it is less important than cash flow factors. Fluctuations in construction output and the cost of credit appear to have no significant impact on insolvency. A robust predictive regression model of construction insolvency is generated using quarterly empirical data for construction insolvency in England and Wales over the period 1969 to 1994 against a variety of independent variables.

Mansfield, J R (1997) Authorised property unit trusts: opportunities and threats. Journal of Financial Management of Property and Construction, 2(01), 35–44.