Insolvency

(asked on 10th March 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has made an estimate of the number of businesses which have failed in each month since April 2020.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 18th March 2021

Monthly data on business closures since April 2020 are not available.

Quarterly data on business closures since April 2020 can be provided.

The table below contains this information, along with numbers of business closures in each quarter of 2019 and quarter 1 2020 for reference.

Table: Quarterly UK business closures, 2019 to 2020, all registered businesses

Quarter and Year

Number of business closures

Q1 2019

85,260

Q2 2019

101,505

Q3 2019

83,145

Q4 2019

77,815

Q1 2020

120,235

Q2 2020

93,055

Q3 2020

76,265

Q4 2020

106,400

Source: Office for National Statistics 'Business demography, quarterly experimental statistics, UK'

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