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Logistics: Bankruptcy

Volume 493: debated on Monday 1 June 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many logistics companies in each region were (a) declared bankrupt and (b) ceased trading in the first quarter of 2009. (276156)

The information is as follows:

(a) Company insolvency statistics are not available centrally broken down by both region and industry sector. Further, the Standard Industrial Classification (SIC) currently in use does not identify “logistics” as a composite industry grouping.

(b) Statistics on business closures are now published by the Office for National Statistics (also, previously, by the Department for Business, Enterprise and Regulatory Reform). These are based on calendar years; the latest currently available covers 2007. The industry classification for these statistics is also the SIC, as for (a) above, so does not readily identify “logistics”.

Companies House Executive agency maintains the register of companies and also records routine and event-based information on registered companies, according to the Companies Act and related legislation. Again, industry is classified according to the SIC 2003.