Insolvencies slow in Q4 as recession eases

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Insolvencies slow in Q4 as recession eases

Simon Quicke

The number of insolvencies fell in the last quarter with those directly connected with the computer sector showing signs of resilience in the recession.

According to the latest figures from The Insolvency Service in general the number of liquidations in England and Wales and fell compared to a high at in Q1 2008 but levels have some way to go until they drop back to pre-recessionary rates.

The number of bankruptcies in the 'computer and related activities' area have been dropping since Q4 2008 when 13 firms ran into trouble compared to just 8 in Q3 09.

The number of computer companies calling in administrators dropped from 39 in Q4 last year to 21 in 2009 and the number of CVAs also dropped from 4 to 1 in the same period.

The channel has come out of the recession fairly intact with most vendors reporting their channel numbers holding up.

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