Breakdown of firm closures by reason
Over the 12 months to end of August 2024, 504 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 end of August 2024 can be seen in the chart below.
Data for breakdown of firm closures by reason September 2023 to August 2024
Percentages and figures in this report may include rounding differences.
Date(s) | Ceased Practising | Merged/Amalgamated | Change of status | Split | Other/ Unknown | Total |
---|---|---|---|---|---|---|
August 2023 to July 2024 | 270 (53.6%) |
107 (21.2%) |
88 (17.5%) |
0 (0%) |
39 (8.2%) |
504 |