Company Liquidation Statistics – Q1 2008

Company insolvencies rise during Q1 2008.

By News Desk
2nd May 2008 at 8:28

outofbusiness The number of companies entering into liquidation during the first quarter of 2008 in England and Wales rose by 2% on the previous quarter and by 4% on a year-on-year basis, according to the latest official statistics.

There were 3,210 liquidations of which 1,085 were compulsory a decline of 22% on the same quarter a year ago, while voluntary liquidations rose by 25.4% on a year-on-year basis.

Although these statistics will be seen as another grim portent of things to come, the proportion of companies entering liquidation compared to active companies was just 0.6%. A figure that has remained unchanged since the corresponding period in 2006.

[Picture courtesy of timetrax23]

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