Bankruptcy

(asked on 20th March 2017) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many (a) businesses and (b) individuals filed for bankruptcy in (i) York, (ii) Yorkshire and the Humber and (iii) England in each year since 2005.


Answered by
Margot James Portrait
Margot James
This question was answered on 23rd March 2017

Figures for the number of bankruptcy orders in York, Yorkshire & Humber, and England in each year since 2005 can be found in the table below. Bankruptcy applies to individuals only; regional breakdowns for the number of company insolvencies are not currently available.

The Insolvency Service compiles its regional bankruptcy order statistics on a calendar year basis, therefore financial year totals are not available. Figures for 2016 will be available on the Insolvency Service website from July/August 2017 (exact date yet to be confirmed), alongside figures for other individual insolvency procedures (individual voluntary arrangements, and debt relief orders).

Table 1: Number of Bankruptcy Orders in each Region of England, 2005-20151

Year

York

Yorkshire and the Humber

England

2005

134

4,272

43,107

2006

214

5,812

57,576

2007

185

5,957

59,248

2008

198

6,661

62,006

2009

236

7,232

68,493

2010

170

5,929

53,064

2011

130

4,317

38,341

2012

84

3,295

29,399

2013

77

2,444

22,598

2014

75

2,032

18,985

2015

47

1,550

14,769

Total

1,550

49,501

467,586

1 Where individual has provided postcode

It should be noted that these figures do not account for any changes in the base population over time. Using the rate of bankruptcies per 10,000 adults allows for a like-for-like comparison across years.

Headline figures for insolvencies in England and Wales can be found in the quarterly Insolvency Statistics release, a National Statistics publication. Figures for October - December 2016 were published on 27 January 2017, and can be found here:

https://www.gov.uk/government/statistics/insolvency-statistics-october-to-december-2016

Annual numbers and rates of bankruptcies by region for 2000-2015 are available in the Individual Insolvencies by Location, Age and Gender publication (also includes an Excel based analysis tool), which can be found at the following link:

https://www.gov.uk/government/statistics/individual-insolvencies-by-location-age-and-gender-england-and-wales-2015

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