In the second quarter of 2011 the worst-affected sector for insolvency remains real estate sector. Real estate insolvencies reached a 35% of total cases, according to Insolvency Service figures.

Despite the problems, administrations of real estate businesses were still down from a peak of 50% of total insolvencies cases recorded in the final quarter of last year.

The number of compulsory and creditors voluntary liquidations reached 4,233 in the second quarter, which represented a 2.7% increase on the previous quarter and a 4.4% rise on the same period last year.

This total comprised 1,290 compulsory liquidations, up 19.8% on the previous quarter, and 2,943 creditors voluntary liquidations, which fell by 3.3% during the same period.

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