Statistics showing insolvencies in the third quarter 2003 are published today (7 November) by the Department of Trade and Industry.
There were 3,398 company insolvencies in England and Wales in the third quarter of 2003 on a seasonally adjusted basis. This was a decrease of 11.2% on the previous quarter and a decrease of 12.5% on the same period a year ago.
In the twelve months ended Q3 2003, 1.0% of active companies became insolvent, the same level as in the previous quarter and a decrease on the corresponding quarter in 2002.
