Quarter 3 Insolvency Statistics Review
| Insolvency Latest – Quarter 3 2014, published 29 October 2014 |
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Quarter 3 2014 |
Change On Previous Quarter |
Change On Q3 2013 |
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Corporate |
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| Creditors’ Voluntary Liquidations | 2,510 |
0.4% |
-13.3% |
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| Compulsory Liquidations | 858 |
-12.4% |
-6.8% |
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| Receiverships | 175 |
2.3% |
-30.8% |
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| Administrations | 492 |
16.9% |
-18.8% |
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| Company Voluntary Arrangements | 144 |
1.4% |
-5.3% |
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Personal |
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| Bankruptcy Orders | 4,886 |
-12.0% |
-18.7% |
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| Debt Relief Orders | 6,808 |
-2.8% |
2.7% |
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| Individual Voluntary Arrangements | 13,143 |
-10.2% |
1.9% |
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| 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.
