National statistics
Company Insolvency Statistics, October to December 2019
Statistics on new company insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
Documents
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) . Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.
Main messages
Company Insolvencies in 2019
- In 2019, underlying company insolvencies increased to their highest annual level since 2013.
- This was largely driven by an increase in underlying creditors’ voluntary liquidations which reached their highest annual level since 2009
- Administrations increased in 2019 compared to 2018 while compulsory liquidations decreased, and company voluntary arrangements were flat.
Company Insolvencies in Q4 2019
- Underlying company insolvencies decreased in Q4 2019 compared with Q3 2019.
- This was driven by decreases across all main types of company insolvency.
- Total insolvencies were higher in Q4 2019 compared with the same quarter of 2018.
- Compulsory liquidations have fallen for the fourth successive quarter.
Published 30 January 2020