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Insolvency

Volume 508: debated on Tuesday 23 March 2010

To ask the Minister for the Cabinet Office how many businesses in each industry region in each sector went into (a) compulsory liquidation, (b) creditors’ voluntary liquidation, (c) administration and (d) receivership in each year from 2004 to 2009. (323820)

I have been asked to reply.

Official statistics for corporate insolvencies by region are not currently available.

The following tables show figures for 2008 and 2009 for compulsory liquidations, creditors’ voluntary liquidations (CVLs), receiverships and administrations broken down by Standard Industrial Classification (SIC) 2003 sectors, for England and Wales.

Earlier, complete years’ figures broken down by industry are not available on the same basis, but are available for part of the period requested broken down according to the Insolvency Trade Classification (ITC) on the Insolvency Service’s website:

www.insolvency.gov.uk/statistics

Whole year figures are not available for 2006 or 2007 because of the transition between ITC and SIC2003.

Table 1: Compulsory liquidations by industry1, 3

Section

2008

20094

Section A

Agriculture, hunting and forestry

31

26

Section B

Fishing

8

3

Section C

Mining and quarrying

12

3

Section D

Manufacturing

289

249

Section E

Electricity, gas and water supply

43

39

Section F

Construction

1,059

1,017

Section G

Wholesale and retail trade; repair of motor vehicles, motor cycles and personal and household goods

726

574

Section H

Hotels and restaurants

361

245

Section I

Transport, storage and communication

379

254

Section J

Financial intermediation

130

143

Section K

Real estate, renting and business activities

639

473

Section L

Public administration and defence; compulsory social security

13

13

Section M

Education

46

41

Section N

Health and social work

50

45

Section O

Other community, social and personal service activities

409

291

Section P

Private households employing staff and undifferentiated production activities of households for own use

3

3

Section Q

Extra-territorial organisations and bodies

7

5

All others2

1,633

1,053

Total

5,838

4,477

1 The Standard Industrial Classification (SIC 2003) definitions can be found at

http://www.statistics.gov.uk/methods_quality/sic/downloads/UK_SIC_Vol1(2003).pdf

2 Unknown SIC.

3 Totals for compulsory liquidations here are not the same as the headline figures. This is because the industrial breakdown has been compiled from a specially selected extract from the live database, whereas the headline figures are produced monthly using a different reporting system.

4 Figures for compulsory liquidations by industry are supplied a quarter in arrears. Hence the figure for 2009 only includes data for January-September 2009.

Table 2: Creditors’ liquidations by industry1, 3

Section

2008

2009

Section A

Agriculture, hunting and forestry

34

43

Section B

Fishing

1

1

Section C

Mining and quarrying

10

11

Section D

Manufacturing

1,174

1,702

Section E

Electricity, gas and water supply

8

11

Section F

Construction

1,643

2,384

Section G

Wholesale and retail trade; repair of motor vehicles, motor cycles and personal and household goods

1,714

2,096

Section H

Hotels and restaurants

611

783

Section I

Transport, storage and communication

472

556

Section J

Financial intermediation

143

176

Section K

Real estate, renting and business activities

2,757

3,976

Section L

Public administration and defence; compulsory social security

12

17

Section M

Education

56

71

Section N

Health and social work

74

89

Section O

Other community, social and personal service activities

538

725

Section P

Private households employing staff and undifferentiated production activities of households for own use

6

13

Section Q

Extra-territorial organisations and bodies

3

1

All others2

785

779

Total

10,041

13,434

1 The Standard Industrial Classification (SIC 2003) definitions can be found at

http://www.statistics.gov.uk/methods_quality/sic/downloads/UK_SIC_Vol1(2003).pdf

2 Including unknown or invalid SIC codes and non-trading or dormant companies.

3 Where the Creditors Voluntary Liquidation is the first insolvency procedure entered into (see “Notes to Editors” paragraph 8).

Table 3: Receiverships by industry1

Section

2008

2009

Section A

Agriculture, hunting and forestry

2

2

Section B

Fishing

0

0

Section C

Mining and quarrying

0

1

Section D

Manufacturing

33

36

Section E

Electricity, gas and water supply

2

0

Section F

Construction

115

245

Section G

Wholesale and retail trade; repair of motor vehicles, motor cycles and personal and household goods

44

65

Section H

Hotels and restaurants

20

47

Section I

Transport, storage and communication

6

12

Section J

Financial intermediation

17

16

Section K

Real estate, renting and business activities

531

880

Section L

Public administration and defence; compulsory social security

0

0

Section M

Education

1

3

Section N

Health and social work

2

9

Section O

Other community, social and personal service activities

37

38

Section P

Private households employing staff and undifferentiated production activities of households for own use

0

0

Section Q

Extra-territorial organisations and bodies

0

0

All others2

57

114

Total

867

1,468

1 The Standard Industrial Classification (SIC 2003) definitions can be found at

http://www.statistics.gov.uk/methods_quality/sic/downloads/UK_SIC_Vol1(2003).pdf

2 Including unknown or invalid SIC codes and non-trading or dormant companies.

Table 4: Administrations by industry1

Section

20083

2009

Section A

Agriculture, hunting and forestry

18

10

Section B

Fishing

3

3

Section C

Mining and quarrying

4

10

Section D

Manufacturing

693

761

Section E

Electricity, gas and water supply

3

1

Section F

Construction

468

427

Section G

Wholesale and retail trade; repair of motor vehicles, motor cycles and personal and household goods

621

492

Section H

Hotels and restaurants

192

240

Section I

Transport, storage and communication

195

175

Section J

Financial intermediation

81

61

Section K

Real estate, renting and business activities

2,008

1,330

Section L

Public administration and defence; compulsory social security

5

3

Section M

Education

27

16

Section N

Health and social work

45

54

Section O

Other community, social and personal service activities

172

225

Section P

Private households employing staff and undifferentiated production activities of households for own use

1

1

Section Q

Extra-territorial organisations and bodies

0

0

All others2

284

237

Total

4,820

4,161

1 The Standard Industrial Classification (SIC 2003) definitions can be found at

http://www.statistics.gov.uk/methods_quality/sic/downloads/UK_SIC_Vol1(2003).pdf

2 Including unknown or invalid SIC codes and non-trading or dormant companies.

3 The figure for Q4 2008 includes 729 separate managed service companies for which BDO Stoy Hayward was appointed administrator. The administrations were approved in September 2008, but the statistics are counted based on the date registered at Companies House (which fell in October 2008, i.e. Q4).