Roads: Freight
The question
To ask the Secretary of State for Business and Trade, what recent estimate his Department has made of the number of insolvencies of road haulage businesses in each of the last five years.
Answered by Justin Madders
Estimated numbers of companies with the SIC code 49410 that entered insolvency in the UK in each of the last five calendar years (including 2024 to date) are presented in the table below.
Calendar Year | Companies Entering Insolvency (SIC Code 49410 – Freight Transport by Road) |
2019 | 285 |
2020 | 195 |
2021 | 265 |
2022 | 411 |
2023 | 503 |
2024 (to 31st August) | 334 |
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