What's Happening?
Assent Building Control, a major UK private building control firm, has collapsed, affecting thousands of construction projects. The company faced financial strain, regulatory pressures, and historic compliance
issues, leading to insolvency. Assent's collapse leaves many projects without building control oversight, causing delays and uncertainty for developers and homeowners. The Building Safety Act 2022 increased operational costs for private inspectors, contributing to Assent's downfall.
Why It's Important?
The collapse of Assent Building Control highlights structural challenges in the construction sector, particularly in the post-Grenfell regulatory landscape. The disruption affects project timelines, compliance processes, and warranty providers, potentially leading to increased costs and liability. This situation underscores the need for robust financial resilience and operational capacity in private building control firms. The industry must address these challenges to ensure safety and accountability while maintaining viability under regulatory pressures.
