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:
- 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.
- 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:
Posted on April 30, 2019