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Bankruptcies

Volume 134: debated on Monday 23 May 1988

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To ask the Chancellor of the Duchy of Lancaster how many private sector manufacturers were declared bankrupt in (a) England and Wales and (b) Great Britain in each year since and including 1979.

The information that is available for insolvencies in manufacturing is given in the table:

Bankruptcies1 England and WalesCompany Liquidations2 England and WalesCompany Liquidations2 Great Britain
19791371,0391,103
19801432,0952,190
19811922,6762,806
19822084,0584,217
19832634,1714,298
19843874,4574,599
198532954,8374,981
19862774,7764,884
198742023,5793,700
1 Bankruptcy orders, receiving orders and deeds of arrangement.
2 Compulsory plus creditors' voluntary liquidations.
3 Not comparable with earlier years because of changes in legislation effective from October 1984 which have reduced the number of bankruptcies.
4 January to September only.

To ask the Chancellor of the Duchy of Lancaster how may private building contractors were declared bankrupt in (a) England and Wales and (b) Great Britain in 1985, 1986 and 1987.

The information that is available for insolvencies in the construction industry is given in the table:

Bankruptcies1 England and WalesCompany Liquidations2 England and WalesCompany Liquidations3 Great Britain
19857881,9752,069
19868011,9142,018
198734871,4471,520
1 Bankruptcy orders, receiving orders and deeds of arrangement.
2 Compulsory plus creditors' voluntary arrangements.
3 January—September only.