Friday, 4 May 2012

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).