Quarter 2 2015 Insolvency Statistics Review
In the 12 months ending Q2 2015, 1 in 207 active companies went into liquidation. This is a drop from 1 in 200 which was the figure at the 12 months ending Q1 2015 and 1 in 177 in the 12 months ending Q2 2014. These figures relate to the improvement in the UK economy over the last couple of years and support the decrease in continual company liquidation figures.
The top 5 industries that are seeing the highest levels of company liquidations are:
- Wholesale, retail; repair & vehicles
- Accommodation & food service
- Administrative & support service
The drop in company liquidations supports the current economic growth which saw a 0.7% growth in Q2 2015 and a 0.4% growth in the first quarter of 2015. The figures do highlight that there are still certain industries that are still struggling more than others and are seeing higher levels of company liquidations than other industries.
The personal insolvency figures show in the 12 months ending Q2 2015 1 in 523 adults (0.19% of the adult population) became insolvent. This is the lowest figure since the 12 months ending Q1 2006 and supports a continued decline in these figures.