Administrations down by 11% in 2013

The number of companies that went into administration in 2013 decreased by 11% to 1,629 compared with 1,833 in 2012, stated Deloitte. In the retail sector, the number of companies going into administration decreased by 6% to 183 in 2013, compared with 194 in 2012. Other sectors that experienced a drop in administrations in 2013 included the hospitality and leisure sector, which fell by 17.5% to 141, and property and construction, which fell by 24% to 322.  However, the healthcare and social services sector  experienced a slight increase in company administrations in 2013, with an increase of 7% to 45.
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