There were 4,323 company insolvencies in England and Wales in the fourth quarter of 2002 on a seasonally adjusted basis. This was an increase of 11.1 per cent on the previous quarter and an increase of 14.9 per cent on the same period a year ago.
1.1 per cent of active companies became insolvent in the twelve months ended Q4 2002, the same as the previous quarter and the corresponding quarter in 2001.
There were 7,917 individual insolvencies in England and Wales in the fourth quarter of 2002 on a seasonally adjusted basis. This was an increase of 1.6per cent on the previous quarter and an increase of 7.8per cent on the same period a year ago.
Source: Department of Trade and Industry
