Breakdown of firm closures by reason
Over the 12 months to end of March 2020, 620 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 March 2020 can be seen on the chart below.
Data for breakdown of firm closures by reason April 2019 to March 2020
Percentages and figures in this report may include rounding differences.
|Date(s)||Ceased Practising||Merged/Amalgamated||Change of status||Split||Other||Total|
|February 2019 to January 2020||354