Tuesday, 16 February 2010

Company liquidations rise 22.8% in 2009


Quarter 4 2009 summary - England and Wales

There were 4,566 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the fourth quarter of 2009 (on a seasonally adjusted basis).  This was a decrease of 1.7% on the previous quarter and a decrease of 1.1% on the same period a year ago.


This was made up of 1,338 compulsory liquidations (which are up 2.7% on the previous quarter but down 14.2% on the corresponding quarter of the previous year), and 3,228 creditors voluntary liquidations (which are down 3.5% on the previous quarter but up 5.7% on the corresponding quarter of the previous year).In the twelve months ending Q4 2009, approximately 1 in 114 active companies (or 0.9%) went into liquidation, which is approximately the same as the previous quarter.

Additionally, there were 1,465 other corporate insolvencies in the fourth quarter of 2009 (not seasonally adjusted) comprising 397 receiverships, 849 administrations and 219 company voluntary arrangements.

Company insolvencies 2009 summary - England and Wales

There were 19,077 compulsory liquidations and creditors’ voluntary liquidations in total in 2009 - an increase of 22.8% on 2008.

This was made up of 5,643 compulsory liquidations (which are up 2.7% on 2008), and 13,434 creditors’ voluntary liquidations (which are up 33.8% on 2008).


The number of companies that went into liquidation in 2009 equates to 0.9% of the active register (or approximately 1 in every 114 active companies).  This is up on 2008 where 0.7% of companies on the active register went in to liquidation (or around 1 in every 150 active companies).  Figure 4 provides a historical view of the liquidation rate in England and Wales since 1984.

In 2009 there were also 6,355 other corporate insolvencies, comprising 1,468 receiverships, 4,161 administrations and 726 company voluntary arrangements.  In total these represented an increase of 1.3% on 2008.

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