A spike in the amount of UK companies going into liquidation

2 April 2020

A spike in the amount of UK companies going into liquidation

Data gathered from The London Gazette – the official public record site- indicates a clear rise in the amount of companies going into liquidation and appointing liquidators in March.

The data shows that there were 1,000 companies going into liquidation in the week of the 9th March, when Boris Johnson instructed UK citizens to work from home if they could. The week before that there was 1,170 companies going into liquidation.

This compares to just 782 appointments of liquidators the week beginning the 24th February, 557 the week before this and 538 the week beginning the 10th February.

However, there is a delay between liquidators being appointed and notices being published in The Gazette so it is not possible to see if the governments new package for businesses has had any effect.

Categories: Liquidation

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