LONDON (MNI) – There was a negligible rise in UK corporate
insolvencies in the third quarter but they are running well up on year
ago levels, the latest government data showed.
Q3 corporate insolvencies were up 0.1% on the quarter and up 6.5%
on a year ago, but individual insolvences were down 11% on a year ago.
Corporate and individual insolvencies have tended to be subdued
throughout the credit crunch and its aftermath despite economic and
market turbulence.
The corporate insolvencies comprised 4,242 compulsory and voluntary
liquidations, with compulsory liquidations down 6.6% on the quarter and
up 5.7% on the year and voluntary liquidations up 3.1% on the quarter
and 6.8% on the year.
–London Bureau; Tel: +44207862 7491; email: drobinson@marketnews.com
[TOPICS: MABDS$,M$B$$$]
