Insolvency Statistics, January to March 2016
Statistics on new corporate and individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland.
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Details
This statistics release contains the latest data on company insolvency (companies which are unable to pay debts and enter liquidation, or enter administration or other company rescue process) and individual insolvency (people who are unable to pay debts and enter formal procedures).
Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.
Main messages
Companies
- Total company Insolvencies increased for the first time since Q1 2014, but were still lower than Q1 2015.
- This increase was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015
People
- Total individual insolvencies increased slightly compared to last quarter, but were lower compared to the same period a year ago.
- There was an increase in debt relief orders, which resulted from a change to the eligibility criteria.
Updates to this page
Last updated 13 January 2020 + show all updates
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Minor punctuation change to title for consistency
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First published.