Company insolvencies slow

The number of companies in England and Wales fell slightly in the last quarter, although figures are still well up on 2008. There were 4,716 compulsory liquidations and creditors' voluntary liquidations in the three months to September, a fall of 4.7% on the previous quarter. However, this total represents a 14.6% increase in the number of businesses going bust, compared to the third quarter of last year. These figures were made up of 1,301 compulsory liquidations and 3,415 creditors' voluntary liquidations. The number of people who were declared insolvent in England and Wales during the three months increased significantly compared with the same period in 2008, with 35,242 cases, up by 28% on Q3 2008.
 
 
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