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The Latest Insolvency Statistics – Q1 2019

The latest insolvency statistics for both companies and individuals, for January to March 2019, have been released.

The data highlights an increase in company insolvencies, but a fall in individual insolvencies following the eight year high in the final quarter of 2018.

Here is a summary of the key data which applies to insolvencies occurring within England and Wales:

 

 Company insolvencies

  • Total underlying company insolvencies increased in Q1 2019.
  • Creditors’ voluntary liquidations, administrations, and company voluntary arrangements all increased in Q1 2019, while compulsory liquidations decreased.
  • Administrations increased to the highest level for 5 years.

 

Individual insolvencies

  • Total individual insolvencies fell in Q1 2019 to 31, 527, from an 8 year high in Q4 2018 of 34,287.
  • This fall was largely driven by a decrease in the number of individual voluntary arrangements, though both debt relief orders and bankruptcies also fell very slightly from Q4 2018.
  • Total individual insolvencies in Q1 2019 were the second-highest since since Q3 2010.
  • In the 12 months ending  Q1 2019, 1 in 388 adults became insolvent.

 

You can see the full release of insolvency statistics set out in various formats and tables below:

 

For more information or advice on this or any other insolvency related issue, you can contact qualified Insolvency Practitioner and Director, Annabel Whittaker on 0115 9 100 200 or send her an email

Posted on April 30, 2019

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