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Self-Employed Persons

Volume 894: debated on Thursday 26 June 1975

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asked the Secretary of State for Trade how many self-employed persons and small businesses went into (a) bankruptcy and (b) voluntary liquidation in each year since 1970.

The number of receiving orders made in England and Wales against self-employed persons and individuals or partnerships carrying on business on their own account in each year since 1970 are as follows:

19703,578
19713,490
19723,115
19732,469
19743,387
Period 1.1.75 to 31.3.751,101
The numbers of sequestration orders made in Scotland against individuals are as follows:

1970112
1971108
1972116
197396
1974104
Period 1.1.75 to 31.3.7524
I regret that information as to whether or not the debtors were engaged in trade or business is not readily available.

The numbers of creditors' voluntary liquidations for the same periods are as follows:

England and Wales
19702,420
19712,340
19721,913
19731,495
19742,331
Period 1.1.75 to 31.3.75700
Scotland
1970129
1971115
1972129
197373
1974113
Period1.1.75 to 31.3.7536