Analysis shows nearly 1,200 Businesses closing every day
DSA Connect’s analysis of Government data
shows 214,930 companies shut down in the six months to March 31st. The
last three months of 2020 saw 103,785 firms go out of business and the number closing
rose 7% to 111,145 in the first three months of this year.
Companies in the professional, scientific,
and technical sector were the most likely to stop trading in the six months
with 38,530 shutting, accounting for around 18% of total closures followed by
business administration and support service companies, which accounted for
27,420 closures and around 13% of firms going out of business in the six
which recorded high levels of closures in the six months include information
and communication which saw 23,020 companies close; construction which recorded
24,070 closures and retail where 18,770 companies shut.
a quarter of businesses shutting down were based in London where 50,510
companies closed, followed by the South East with 30,575 closures and the North
West with 20,995 businesses shutting.
The table below shows the top five UK regions and industry sectors for business closures during the six months to 31st March 2021:
Benham, Chairman of DSA Connect said: “Business owners have had a
tough time during the COVID-19 pandemic, and it is understandable that so many
have ceased trading.
of those companies will have IT hardware with sensitive data on it which they
will need to dispose or recycle, and the concern is that many will not be aware
of the need to do this safely and securely and could face fines if they fail to