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Mr. Dodds
To ask the Secretary of State for Northern Ireland how many small businesses have gone out of business in Northern Ireland in each year since 1997. [103255]
Mr. Pearson
The number of insolvency orders (bankruptcy and compulsory winding up) made against individuals and small businesses in each of the last six financial years is as follows:
Financial year | Number of insolvency orders |
1996–97 | 411 |
1997–98 | 432 |
1998–99 | 421 |
1999–2000 | 393 |
2000–01 | 338 |
2001–02 | 265 |