§ 28. Mrs. Bridget PrenticeTo ask the President of the Board of Trade what is(a) the current monthly rate of business failures and (b) the total number of business failures since April 1992. [556]
Mr. John M. TaylorIn the third quarter of 1996 there were, on a seasonally adjusted basis, 1,369 compulsory liquidations, 2,054 creditors' voluntary liquidations and 6,657 bankruptcy orders.
Since the beginning of April 1992 there were, on a seasonally adjusted basis, 31,691 compulsory liquidations, 49,090 creditors' voluntary liquidations and 141,607 bankruptcy orders.