HC Deb 09 July 1984 vol 63 c365W
Mr. Ashdown

asked the Secretary of State for Trade and Industry if he will give the total number of businesses officially declared as bankrupt for each of the last 10 years for which statistics are available.

Mr. Fletcher

The information is as follows:

England and Wales—Number of Business Bankruptcies
Year Number
1977 3,151
1978 2,855
1979 2,527
1980 2,810
1981 3,689
1982 4,182
1983 5,155

Figures are given only from 1977 because earlier figures are not comparable, due to substantial increases in the monetary limits in bankruptcy proceedings and deposits on petitions made in December 1976.

The figures are based on receiving orders made during the year, less those consolidated or rescinded before the end of the year, together with administration orders and deeds of arrangement on the same basis.