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Written Question
Bankruptcy: Wales
Monday 22nd February 2021

Asked by: Lord German (Liberal Democrat - Life peer)

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government how many businesses have declared bankruptcy in each parliamentary constituency in Wales so far in the 2020/21 financial year.

Answered by Lord Callanan - Shadow Minister (Foreign, Commonwealth and Development Office)

The Insolvency Service publishes National Statistics on insolvency cases for England and Wales combined. It is not possible to identify accurately companies that trade in Wales specifically, or companies that operated within specific parliamentary constituencies before entering insolvency. The data used for insolvency statistics is compiled from information at Companies House. The registered office address for a company may not be representative of its trading location, and often it is changed upon insolvency to the address of the appointed Insolvency Practitioner dealing with the case.

Subject to these caveats, the table below sets out the data on all company insolvencies registered at Companies House during the three quarters of 2020/21 ending December 2020:

Estimated number of registered company insolvencies in Wales by parliamentary constituency of company registered office1

1 April to 31 December 2020

Constituency

Total Company Insolvencies

Aberavon

0

Aberconwy

1

Alyn and Deeside

2

Arfon

1

Blaenau Gwent

1

Brecon and Radnorshire

0

Bridgend

1

Caerphilly

0

Cardiff Central

1

Cardiff North

10

Cardiff South and Penarth

37

Cardiff West

27

Carmarthen East and Dinefwr

1

Carmarthen West and South Pembrokeshire

0

Ceredigion

1

Clwyd South

0

Clwyd West

1

Cynon Valley

4

Delyn

1

Dwyfor Meirionnydd

0

Gower

0

Islwyn

0

Llanelli

0

Merthyr Tydfil and Rhymney

0

Monmouth

0

Montgomeryshire

1

Neath

0

Newport East

0

Newport West

11

Ogmore

0

Pontypridd

0

Preseli Pembrokeshire

1

Rhondda

0

Swansea East

3

Swansea West

68

Torfaen

1

Vale of Clwyd

0

Vale of Glamorgan

2

Wrexham

1

Ynys Môn

0

Total

177

Source: Companies House, Insolvency Service

1 Companies House supplies quarterly data on company insolvencies to the Insolvency Service.

The Insolvency Service also holds data on personal bankruptcies in Wales during 2020 where the individual concerned ran a business as a sole trader or partnership. This information will be available later this year following the summer release of the official statistics covering the location, age and gender of individuals that entered insolvency in 2020 (provisionally to be released in August 2020). The latest published statistics cover the period 2000 to 2019 and are available on the GOV.UK website.

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