HC Deb 05 April 1971 vol 815 cc20-1W
Mr. Barnett

asked the Secretary of State for Trade and Industry what is the total number of companies registered with the Registrar of Companies at the latest date for which this information is available.

Mr. Ridley

559,497 at 31st December, 1970, of which approximately 35,000 were in liquidation or course of removal from the registers.

Mr. Barnett

asked the Secretary of State for Trade and Industry how many companies are awaiting registration at the present time.

Mr. Ridley

Approximately 335.

Mr. Barnett

asked the Secretary of State for Trade and Industry what was the number of new company registrations in each of the last 10 years.

Mr. Ridley

1961, 33,645; 1962, 34,852; 1963, 42,173; 1964, 48,315; 1965, 36,315; 1966, 28,256; 1967, 31,292; 1968, 20,654; 1969, 25,154; 1970, 30,262.

Mr. Barnett

asked the Secretary of State for Trade and Industry what is the number of limited companies that has sought to become unlimited under the terms of the Companies Act, 1967 in each year since the Act became effective.

Mr. Ridley

156, 2,126, 387 and 94 limited companies re-registered as unlimited in 1967, 1968, 1969 and 1970 respectively.

1966 1967 1968 1969 1970
Wound up voluntarily 5,037 6,444 6,736 6,998 6,500
Struck off under section 353 of the Companies Act 1948 6,335 11,289 30,480 18,725 17,151
Removed for other reasons 13 18 28 28 99
Total 11,385 17,751 37,244 25,751 23,750

The companies struck off under Section 353 were companies which the registrars had reasonable cause to believe were not carrying on business or in operation. In approximately 5 per cent, of the cases the reason was that the company had been fully wound up compulsorily.

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