§ Mr. WoodwardTo ask the Secretary of State for Trade and Industry in how many cases the administration procedure was initiated by(a)company directors and (b)creditors in (i) 1998, (ii) 1999, (iii) 2000 and (iv) 2001. [44997]
§ Miss Melanie Johnson[holding answer 25 March 2002]:This information is not available. Administration is an insolvency procedure which is initiated by the presentation of a petition to court. The requirements for information regarding the company's financial affairs and prospects in support of such a petition mean that very few are presented other than by the company concerned.