Company Liquidations

Business, Enterprise and Regulatory Reform written question – answered on 25th February 2009.

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Photo of Shailesh Vara Shailesh Vara Shadow Deputy Leader of the House of Commons

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many companies have gone into liquidation (a) in each of the last 10 financial years and (b) in 2008-09 to date in (i) North West Cambridgeshire constituency, (ii) Cambridgeshire, (iii) the East of England and (iv) England and Wales.

Photo of Pat McFadden Pat McFadden Minister of State (Department for Business, Enterprise and Regulatory Reform) (Employment Relations and Postal Affairs), Member, Labour Party National Executive Committee

The following table shows the number of company liquidations in the last 10 financial years for England and Wales. Corporate liquidation statistics are not currently available on a regional basis within England and Wales.

Company liquidations( 1, 2 ) in England and Wales
Financial year Number
1998-99 13,850
1999-2000 14,005
2000-01 14,623
2001-02 15,170
2002-03 15,962
2003-04 13,635
2004-05 11,954
2005-06 13,447
2006-07 12,847
2007-08 12,495
2008-09(3) 12,273
(1) Including creditors voluntary liquidations (CVLs) and compulsory liquidations.

(2) Not seasonally adjusted.

(3) Insolvency data for the current financial year are only available up to December 2008.

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