Company Register’s ‘strike-off’ list at lowest level for 20 years
Friday 4th January 2013, 3:00PM GMT.
THE rate at which companies are being struck off the Jersey Financial Services Commission’s Company Register has declined, offering some evidence that the Island could be past the worst of the global economic downturn.
The figures for the latest ‘strike-off’ list are, at 449, the lowest for 20 years.
Deputy registrar Julian Lamb has suggested that, at least in recent years, the relatively high number of dissolutions could have been a reflection of difficult trading conditions.
He said: ‘In general, there have been greater numbers of dissolutions recently because company owners decide it is not cost-effective to continue with a particular company because of the state of the economy, so rather than pay the annual return, they wind up the company.
‘The slowdown in strike-off dissolutions this year might suggest that, in terms of the Jersey register and non-active companies, we are past the worst of the economic downturn and that the current register reflects, in general, active companies.’