UK Company Liquidations Up 56% y/y in First Quarter - Britain * Europe * News * Story

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UK Company Liquidations Up 56% y/y in First Quarter

Topics:Politics & Government | Bankruptcy | Stock Market | London | Britain

By: Reuters | 01 May 2009 | 05:02 AM ET

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Nearly 5,000 companies in England and Wales went into liquidation in the first three months of 2009 and a record number of people succumbed to insolvency, official figures showed on Friday.

The Insolvency Service said company liquidations rose 56 percent on a year ago to 4,941.

Personal insolvencies rose 19 percent on a year ago to 29,774, the highest since records began in 1960.

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