The Department of Trade and Industry have today released the corporate insolvency figures for the second quarter of 2000. The figures show that there were 3,426 company insolvencies in England and Wales in the period. This figure represents an increase of 0.9% on the previous quarter, but a decrease of 6.3% on the second quarter of 1999.
1.1% of active companies became insolvent in the 12 months which ended with the second quarter of 2000. This figure was the same in the previous quarter, and slightly lower than the corresponding quarter in 1999.
Department of Trade and Industry
