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Insolvency: Hotels

Volume 485: debated on Monday 15 December 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many hotels went into (a) compulsory and (b) voluntary (i) administration and (ii) liquidation in each region of England and Wales in each of the last five years. (240654)

Statistics are only available from Q3 2007 on a consistent basis and no sub-national information is available for “hotels”. The following table records the number of hotels that have entered into compulsory liquidation, creditors' voluntary liquidation or administration in each quarter since 2007 Q3 in England and Wales as a whole.

Insolvency procedure

2007 Q3

2007 Q4

2008 Q1

2008 Q2

2008 Q3

Compulsory liquidation

6

8

7

12

n/a

Creditors' voluntary liquidation

10

8

3

11

13

Administration

0

4

8

5

2

Note:

1. There have been changes over recent years to the classification and extent of sectoral information collected and analysed. Consistent data are only readily available on a quarterly basis from 2007 Q3.

2. Industry-level data are not currently available on a regional basis.

3. Data for compulsory liquidations for 2008 Q3 are not yet available.

4. Companies may enter consecutively into more than one type of insolvency procedure. For example, an establishment may enter into administration, but subsequently become the subject of a creditors' voluntary liquidation. This means that counts should not be summed to a total number of company insolvencies in the sector.

5. Figures for corporate receiverships, and for small business bankruptcies among hotel proprietors are not included in the above figures.