Corporate insolvencies increased by just over one percent during the second quarter of 2011 to 5,465, compared to the previous three months, as the economy stuttered and sectors including retail suffered.
When this morning’s official statistics from the Insolvency Service are broken down, they show that the number of compulsory and creditors’ voluntary liquidations reached 4,233 in the second quarter.
On a seasonally adjusted basis, these represented a 2.7 percent increase on the previous quarter and a 4.4 percent rise on the same period last year.
The total of 4,233 comprised 1,290 compulsory liquidations, which are up 19.8 percent on the pervious quarter, and 2,943 creditors’ voluntary liquidations, which fell 3.3 percent during the same period.
To read the entire article please follow this link to Insolvency News