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Companies (Incorporations And Closures)

Volume 13: debated on Friday 27 November 1981

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asked the Secretary of State for Trade how many new companies are now being incorporated monthly; how many are closing down; and what were the comparable statistics in 1980 and 1979.

[pursuant to his reply, 26 November 1981]: The number of companies registered at the companies registration office on a monthly average is as follows, though registrations do not necessarily indicate that the company has commenced trading:

1979(Jan.-Oct.)5,082
1980(Jan.-Oct.)5,522
1981(Jan.-Oct.)5,730
The number of companies removed from the companies register including those removed following liquidation is as follows, though removals from the register do not necessarily include all companies which cease to trade:

Removals from register
1979:1,993Average for Year
1980:2,159
1981:2,020(Average Jan/Nov)