Liquidation numbers rise

A growing number of UK companies are choosing to cease trading before being forced into insolvency, leading to the highest number of liquidations since 1992. In 2008-2009, 23,500 companies went into liquidation. The number is expected to rise by nine per cent to over 25,600 for 2009-2010. This is the highest figure since 1991-1992 when a total of 27,300 businesses went into liquidation, at which point the UK began to emerge from recession.