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) and individual insolvency (people who are unable to pay debts and enter formal procedures).
Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.
- Total company insolvencies increased in Q2 2017, primarily caused by 1,131 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules.
- The estimated underlying number of company insolvencies fell to the lowest quarterly level since comparable records began in 2000.
- Total individual insolvencies decreased in Q2 2017, driven primarily by a decrease in individual voluntary arrangements, which decreased from a record high back to the level seen in 2016.
Revisions to statistics on individual voluntary arrangements
In this edition, the statistics have been revised due to a data processing error that has now been corrected. The revisions affect individual voluntary arrangements and total individual insolvencies for Q1 2017, to a higher level than previously reported.