Tuesday, 8 November 2011

Insolvency Update from ukdata.com


The UK insolvency service on the 4th November published its insolvency statistics for the third quarter of 2011.

On a seasonally adjusted basis, there were 4,242 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2011. This was an increase of 0.1% on the previous quarter and an increase of 6.5% on the same period a year ago.

This was made up of 1,203 compulsory liquidations, which are down 6.6% on the previous quarter and up 5.7% on the corresponding quarter of the previous year, and 3,039 creditors’ voluntary liquidations, which are up 3.1% on the previous quarter and up 6.8% on the corresponding quarter of the previous year.

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