§ Mr. Nicholas BennettTo ask the Secretary of State for Scotland what was the number of new businesses registered and bankruptcies in Scotland in each year since 1984.
§ Mr. LangThe table shows the number of new companies registered in Scotland and the number of liquidations notified for Scottish registered companies in each year between 1984 and 1989. The table shows the number of bankruptcies. Bankruptcies are awards of sequestration and relate solely to individuals, partnerships, clubs etc and exclude limited companies.
549W
Companies registered and liquidated and bankruptcies in Scotland Year New companies registered1 Liquidations1 Bankruptcies2 1984 4,976 757 296 1985 5,417 757 298 1986 5,999 762 437 1987 5,860 636 3826 1988 6,879 651 1,420 1989 6,779 674 2,294 1 Source Companies House 2 Source Accountant and Bankruptcy Office 3 New legislation was introduced in 1986, which affected the number of sequestrations.