Statistics showing insolvencies in the third quarter 2001 are published today (2 November) by the Department of Trade and Industry.
Company Insolvencies
There were 3,649 company insolvencies in England and Wales in the third quarter of 2001 on a seasonally adjusted basis. This was a decrease of 4.1% on the previous quarter and a decrease of 2.4% on the same period a year ago.
1.1% of active companies became insolvent in the twelve months ended
Q3 2001, the same as the previous quarter and the corresponding
quarter in 2000.
Individual Insolvencies
There were 7,368 individual insolvencies in England and Wales in the third quarter of 2001 on a seasonally adjusted basis. This was a decrease of 3.1% on the previous quarter and an increase of 2.2% on the same period a year ago.
Number of Insolvencies in England and Wales (seasonally adjusted)