National Statistics

Change to the method for statistics on company insolvencies

Announcement of a planned change to the method used to calculate the number of company insolvencies each quarter.

Documents

Change to the method for statistics on company insolvencies

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Details

In accordance with our revisions policy, we are pre-announcing a planned change to the method used to calculate the number of company insolvencies each quarter.

Currently, company insolvencies are counted from the date the insolvency started, with statistics for the most recent quarter being an estimate based on incomplete data. Recent instances of bulk insolvencies of connected companies have had an impact on the quality of these initial estimates.

To address this, from April 2018, most company insolvencies will be counted from the date of registration. This means that statistics will no longer be estimated and then revised between quarters, and we will be able more readily to identify and account for bulk insolvencies.

Published 26 January 2018