The number of exits has held steady this year following a record-breaking total in 2007, according to the Centre for Management Buy-out Research (CMBOR).

The group revealed that during this year’s first quarter 88 exits were recorded compared to 87 in the same period last year. Although the number of exits has remained high, the value has been declining – from £4.2 billion in Q1 2007 to £3 billion this quarter. The results have followed the year-on-year trend which saw 2007 generate £23.6 billion against £23.6 billion last year.

Trade sales reached a new record of 156 last year, with secondary buy-outs continuing to grow to 127. This year’s first quarter shows positive potential, with 38 trade sales and 21 secondary buy-outs. According to the report IPO’s have failed to materialise this year within the exits recorded, after a paltry 14 recorded during 2007.

Receiverships jumped to 106 last year from 72 in 2006, this year’s figures look set to continue with 29 recorded in the first quarter.