Regulated population statistics

Breakdown of firm closures by reason January 2017 to December 2017

Over the 12 months to January 2018, 706 Recognised Sole Practitioners, Recognised Bodies and Licensed Bodies (also know as Alternative Business Structures) have closed.

Closure figures have been updated to include all reasons for closure, such as, ceased practising, mergers, splits and change of status. Previous figures reported related only to firms that had ceased practising. A breakdown of closure reasons for the 12 month period to January 2018 can be seen on the chart below.

Breakdown of firm closures by reason: January 2017 to December 2017

Note the number of firm closures is reported with a delay. This is due to the time taken to process, in particular it can take several weeks for the SRA to be notified of firm closures. As a result, closure dates can be back dated and figures reported are subject to change.

Data for breakdown of firm closures by reason January 2017 to December 2017

Percentages and figures in this report may include rounding differences.

Date(s) Ceased PractisingMerged/AmalgamatedChange of statusSplitOtherTotal
January 2017
to
 December 2017
332
(47%)
147
(21%)
216
(31%)
-
(0%)
7
(1%)
702