Statistics showing insolvencies in the second quarter 2003 are published today (1 August) by the Department of Trade and Industry.
There were 3,843 company insolvencies in England and Wales in the second quarter of 2003 on a seasonally adjusted basis. This was an increase of 4.7% on the previous quarter and a decrease of 6.9% on the same period a year ago.
1.0% of active companies became insolvent in the twelve months ended Q2 2003, a decrease on the previous quarter and the corresponding quarter in 2002.
