UK Company Insolvency Statistics for 2012 Q1

The Insolvency Service have today (4 May) published Statistics showing business insolvencies across England and Wales in the first quarter of 2012. 

Adjusted on a seasonal basis, there were a total of 4,303 compulsory liquidations and creditors’ voluntary liquidations as shown in Figure 1. This was an increase of 0.2% on the previous quarter and an increase of 4.3% on the same period a year ago.

Made up of 1,238 compulsory liquidations (which are down 11.2% on the previous quarter and up 11.1% on the corresponding quarter of the previous year), and 3,065 creditors’ voluntary liquidations (which are up 5.7% on the previous quarter and up 1.8% on the corresponding quarter of the previous year).

Source: Insolvency Service

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"Credit Check Potential Customers" says Business Link

"If you don't know a potential customers credit history, there's a risk of being paid late or not being paid at all."

That's not just the view of ukdata.com but some rather good advice from Business Link.

I'd actually say that it's worth checking any business that appears in your supply chain as the cost of getting insightful, up-to-date credit and financial information is far lower than not being paid for your products or services.

And so that you never miss a thing about the companies that matter to you, our free monitoring service will update you via email of any filing or credit changes.

Marks & Spencer & Jaguar Land Rover

Not just any fall in profit and sales, this is a Marks & Spencer fall in profits and sales (08/11/2011). I know the new tag line is “Your M&S” but I just couldn’t resist!

The retailer blamed a “challenging economic environment” for its 8% drop in sales for the six months to 1 October 2011 compared to the same period last year. With clothes lines and other products in decline, food remains the only area of growth.

You can view our latest credit report and financials for M & S here.

With much more encouraging news, Jaguar Land Rover announced (10/11/2011) that they are to create 1,000 at their Land Rover plant in Solihull. This represents a plant workforce increase of 25%.

In September the company announced that they would be creating 750 new job at a new factory near Wolverhampton building low-emission engines.

To see our latest full report for Jaguar Land Rover click here.

New Company Incorporations for October 2011

Nice short post, just passing on the latest figures from Companies House in terms of newly incorporated companies across the UK for October 2011.

England & Wales
October	Last Year	% Change
35,659	30,861	15.5

Scotland
October	Last Year	% Change
1,826	1,604	13.8

Northern Ireland
October	Last Year	% Change
452	306	47.7