HC Deb 11 July 1978 vol 953 cc508-9W
Mr. Trotter

asked the Secretary of State for Trade (1) how many companies have been subject to the appointment of a receiver over all their assets in each of the last five years; and in how many cases in the last five years companies which have been subject to such an appointment have subsequently gone into liquidation;

(2) how many companies are currently subject to the appointment of a receiver of all their assets; and in how many of these cases a liquidator has also been appointed.

Mr. Dell

The number of receivers appointed in recent years under section 372 of the Companies Act 1948, that is on the whole or substantially the whole of the property of the companies concerned, is as follows:

1973 465
1974 951
1975 1,337
1976 1,101
1977 985
1978 (to date) 368

I regret that records are not maintained in such a way as to identify readily how many of these companies are still in receivership or how many have gone into liquidation or had a liquidator appointed.

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