HL Deb 06 October 1981 vol 424 cc98-9WA
Lord Hatch of Lusby

asked Her Majesty's Government:

Whether the following figures for total company liquidations are correct:—

1975 5,398
1976 5,939
1977 5,831
1978 5,086
1979 4,537
1980 6,890
1981 4,559 (first six months)

The Parliamentary Under-Secretary of State, Foreign and Commonwealth Office (Lord Trefgarne)

The annual figures for 1975 to 1980 for total company liquidations (compulsory and creditors' voluntary) are indeed correct. The figure of 4,559 quoted for the first half of 1981 is not compiled from official statistics and is understood to be calculated on a different basis. Owing to industrial action official figures of creditors' voluntary and hence total company liquidations are not available for individual months from April onwards so that a total for the first six months of 1981 cannot be given. Figures for the first nine months as a whole will be available shortly.