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Quarter 3 Insolvency Statistics Review

Posted on by
Insolvency Latest – Quarter 3 2014, published 29 October 2014

 

 

Quarter 3 2014

Change On Previous Quarter

Change On Q3 2013

 

 

Corporate

Creditors’ Voluntary Liquidations        2,510

0.4%

-13.3%

Compulsory Liquidations           858

-12.4%

-6.8%

Receiverships           175

2.3%

-30.8%

Administrations           492

16.9%

-18.8%

Company Voluntary Arrangements           144

1.4%

-5.3%

Personal

Bankruptcy Orders        4,886

-12.0%

-18.7%

Debt Relief Orders        6,808

-2.8%

2.7%

Individual Voluntary Arrangements 13,143

-10.2%

1.9%

Source: The Insolvency Service

 

The Insolvency Statistics were released this morning by the Insolvency Service and shows that the figures for Quarter 3 2014 showed the lowest liquidation rate since Q4 1984.

The main message to come out of these latest statistics is that the number of company liquidations in England and Wales decreased by -11.7% compared with July – September 2013 figures. The number of individuals who became insolvent also decreased by – 4.6% compared with July-September 2013.

In the 12 months ending Q3 2014, 1 in 186 active companies went into liquidation which is down from 1 in 177 in the 12 months ending Q2 2014. This continues the downward trend in the rates.

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