§ Mr. Grylls
asked the Secretary of State for Trade and Industry if he will provide an analysis of company formations and liquidations in 1982 and 1983 (a) by reference to geographical and (b) by type of business.
§ Mr. Trippier
The figures are as follows:
New companies registered Company liquidations Total of which due to insolvency* 1982 England and Wales 82,955 15,975 12,067 Scotland 4,211 756 503 Northern Ireland 907 162 121 TOTAL UK 88,073 16,893 12,691 1983 (provisional) England and Wales 91,740 17,232 13,421 Scotland 4,718 755 521 Northern Ireland 820 162 110 TOTAL UK 97,278 18,149 14,052 * Compulsory plus creditors' voluntary (the total also includes members' voluntary liquidations).
The number of companies removed from the register each year is much greater than the number of company liquidations but cannot be taken as an indicator of the number ceasing to trade in that year.
Similarly, the number of new companies registered in a year does not necessarily correspond with the number starting to trade.
There is no official analysis by more detailed geographical areas and an analysis by industry is only available for compulsory plus creditors' voluntary liquidations for England and Wales and Scotland. For 1982 this was published in "Companies in 1982". Figures for England and Wales for the first three quarters of 1983 (the fourth is not yet available) were published in British business 27 January 1984 Table 3 on page 169. Figures for Scotland for year 1983 are as follows: 424W
Industrial analysis of total compulsory and creditors' voluntary liquidations in Scotland Year: 1983 No. Agriculture and Horticulture 5 Manufacturing (a) Food, drink and tobacco 6 (b) Chemicals etc 2 (c) Metals and engineering 70 (d) Textiles and clothing 21 (e) Timber, furniture etc 9 (f) Paper printing and publishing 10 (g) Other manufacturing 9 MANUFACTURING TOTAL 127 Construction 68 Transport 29 Wholesaling (a) Food, drink and tobacco 5 (b) Motor vehicles 0 (c) Other 20 Retailing (a) Food 22 (b) Motor vehicles and filling stations 25 (c) Other 58 Financial Institutions 2 Business Services 33 Hotels and Catering 32 All Other Industries/Businesses 95 GRAND TOTAL 521