Rise in company Insolvencies
May 09
The official Insolvency Statistics for the fourth-quarter 2008 show a further rise in company insolvencies in England and Wales. The total of 4,525 liquidations represents an 11.5 per cent increase on the third quarter figures, and a 54.5 per cent rise on the corresponding quarter last year. Significantly, the number of liquidations increased in each quarter in 2008.
This however is a very long way behind the ratios in 1992/1993 when more than one in 40 companies went into liquidation.