Personal insolvencies down in 2011
There were 16,871 company liquidations in 2011 - an increase of 5.1% on 2010
There were 16,871 company liquidations in 2011 - an increase of 5.1% on 2010
THE NUMBER of people declared insolvent in England Wales fell in 2011, but the number of businesses insolvencies increased, Insolvency Service figures showed.
The total number of personal insolvencies in 2011 was 119,850, down 11.3% on the record high in 2010. In the final quarter of the year, there was a 5.6% drop compared to the last three months of 2010.
Bankruptcies were down 29.3% and were outstripped by the number of individual voluntary arrangements, which decreased by 3.2% to 49,000 for the year.
However, there were 16,871 company liquidations in 2011 – an increase of 5.1% on 2010.
More about:
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleLeonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider Read Mor...
View articleAIM-listed Bond International Software has had Kingston Smith and Partners appointed as liquidators. Read More...
View articleBrexit, and some directors looking to shut down their companies without further recourse, have contributed to the current insolvency landscape, invest...
View articleTop 50+50 firm Begbies Traynor recorded pre-tax profits of £4.5m for the year, boosted by its property services unit, despite seeing insolvencies drop...
View articleThe long-standing retail firm is to cease trading in the coming weeks after administrators failed to find a buyer Read More...
View articleMather boasts a quarter century of restructuring and insolvency experience gleaned across various roles at Deloitte and Begbies Traynor Read More...
View articleClothing firm behind Pretty Polly tights blames BHS for its collapse Read More...
View articleBHS auditor PwC questioned over why it described the embattled retailer as a 'going concern' days before it was sold for £1 Read More...
View article