Increase in Winding-Up Petitions in 2011
July 22 2011
There has been a 22% increase in the number of winding up petitions lodged through the courts in the second quarter of the year compared to the same period last year. These figures continue the upwards trending of 2011 which began with a 30% rise in winding-up petitions numbers in the first quarter of 2011 over the first quarter of 2010.
From April to June 2011, general construction, civil engineering and real estate sectors were the hardest hit sectors, with an average doubling in the number of petitions lodged. Unsurprisingly, London and the surrounding Home Counties are once again the areas that have seen the most petition claims.
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