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Bankruptcy: Greater London

Volume 472: debated on Wednesday 27 February 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform how many business bankruptcies there have been in each London borough since 2000. (188973)

The following table records the number of trading-related bankruptcies in each London borough derived from postcodes provided by bankrupt individuals.

Number of trading-related (self-employed) bankruptcies in each London borough, 2000-061

2000

2001

2002

2003

2004

2005

2006 (January to June)1

London borough

No.

%

No.

%

No.

%

No.

%

No.

%

No.

%

No.

%

Barking and Dagenham

19

39

21

47

9

23

18

22

12

14

9

7

11

11

Barnet

39

59

48

56

40

47

40

4.3

50

37

70

33

38

31

Bexley

30

48

26

38

14

21

23

26

32

27

49

28

9

11

Brent

27

49

29

50

17

36

28

41

25

27

46

41

29

31

Bromley

32

53

44

57

29

45

25

31

42

34

61

28

21

15

Camden

16

38

22

33

22

44

36

34

47

33

67

33

41

32

City and county of the City of London

3

43

1

100

1

50

4

80

4

67

5

71

2

33

City of Westminster

22

38

30

48

25

30

32

32

42

34

57

34

29

30

Croydon

35

49

35

46

30

35

26

27

36

26

53

26

15

10

Ealing

26

45

25

58

23

42

28

38

34

31

65

42

36

36

Enfield

33

62

42

59

24

36

35

46

50

42

34

28

38

41

Greenwich

27

47

23

48

18

23

23

26

22

18

36

19

14

11

Hackney

17

59

21

47

20

34

42

55

35

27

47

24

28

19

Hammersmith and Fulham

14

47

21

58

16

31

19

42

33

34

49

37

18

27

Haringey

27

52

18

46

23

43

19

31

31

27

46

34

40

33

Harrow

26

52

32

57

20

40

19

35

25

39

38

39

26

39

Havering

26

42

17

30

15

31

28

31

25

27

20

12

8

9

Hillingdon

35

51

20

41

20

43

27

36

30

36

39

24

22

19

Hounslow

26

63

28

46

14

32

22

35

45

38

62

41

41

37

Islington

20

43

22

49

33

49

23

30

46

32

54

27

30

27

Kensington and Chelsea

24

45

30

52

20

33

24

29

28

22

37

25

25

27

Kingston upon Thames

22

52

11

48

19

35

17

37

22

28

30

34

14

21

Lambeth

27

48

35

48

39

41

34

22

72

19

88

22

45

28

Lewisham

31

53

25

42

17

33

11

16

19

17

49

27

16

12

Merton

15

37

11

31

17

40

20

31

26

29

31

29

8

16

Newham

32

60

19

50

13

21

28

29

36

32

37

25

34

28

Redbridge

17

40

30

48

17

33

18

25

17

18

24

17

18

18

Richmond upon Thames

21

64

28

62

34

52

25

39

39

48

39

38

27

38

Southwark

25

71

29

54

29

42

31

29

52

29

63

26

48

36

Sutton

21

68

20

49

18

31

20

34

29

30

29

23

20

21

Tower Hamlets

31

35

20

26

27

26

20

15

32

19

53

25

34

27

Waltham Forest

22

49

28

58

11

35

22

40

29

30

51

38

27

27

Wandsworth

27

54

31

54

19

40

34

39

39

42

53

38

35

41

Total London boroughs

815

49

842

48

693

36

821

32

1,106

29

1,491

28

847

25

Total England and Wales

8,466

45

8,841

42

7,918

36

8,432

32

8,825

26

10,347

23

6,056

20

1 The Insolvency Trade Classification (ITC) was used to classify trading-related bankruptcies (and company liquidations) until end September 2006. However, only the period from January to June 2006 is provided because of the way the data are held.

Notes:

1. Figures for 2007 are not yet available for London boroughs.

2. Classifying bankrupts into geographic areas is done using the postcode that the bankrupt individual provides. The use of this in assigning an individual to a borough is thus as reliable as the postcode information provided, which is subject to an element of missing or unusable data. Nationally, this has been decreasing from around 12 per cent. in 2000 to 4 per cent. in 2006.

3. Figures for England and Wales provided here for comparative purposes are not consistent with published annual totals for the reasons given above.