Company Liquidations

There were 3,235 liquidations in England and Wales in the third quarter of 2006 on a seasonally adjusted basis. This was a decrease of 0.4% on the previous quarter and a decrease of 4.3% on the same period a year ago.

This was made up of 1,335 compulsory liquidations, an increase of 9.7% on the previous quarter and a decrease of 12.1% on the corresponding quarter of the previous year, and 1,899 creditors voluntary liquidations, a decrease of 6.5% on the previous quarter and an increase of 2.1% on the corresponding quarter of the previous year.

0.7% of active companies went into liquidation in the twelve months ended Q3 2006, the same as the previous quarter and the corresponding quarter of 2005.

Companies with cash flow problems and are looking to avoid administration should contact Enable Finance as soon as possible.