Small Businesses: Insolvency
(asked on 15th June 2023) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, how many small businesses went bankrupt in the last (a) 3, (b) 6, (c) 12 and (d) 24 months.
Information on company insolvencies is sourced from Companies House. As Companies House does not hold information on the size of companies or all types of businesses, we cannot provide specific numbers of small business failures.
The total number of company insolvencies in the United Kingdom in the periods requested up to 31 May 2023 was:
3 Months | 7,060 |
6 Months | 12,863 |
12 Months | 24,670 |
24 Months | 44,498 |
The number of trader (self-employed) bankruptcies in England & Wales up to 31 March 2023 (the latest date for which data is held) was:
3 Months | 395 |
6 Months | 694 |
12 Months | 1,291 |
24 Months | 2,599 |