Monday, 3 November 2014

Liquidations at lowest rate since 1984, says Insolvency Service

Experts cautious as figures also show company administrations in third quarter this year rose 17% over the previous quarter.

The rate of companies being liquidated has fallen to its lowest level since records started in 1984, Insolvency Service figures show.

In the 12 months to September, one in 186 active companies, or 0.54%, went into liquidation in England and Wales, in a continuation of a downward trend since 2011. 

Experts welcomed the business insolvency figures as another sign that the economy is “firmly in recovery mode” but they also warned that firms will face growing pains as economic improvement continues and interest rates climb.

3,368 firms were liquidated between July and September, which is a 12 % fall compared with the same period a year ago and also the lowest quarterly total seen since spring 2008.


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