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.
- The underlying number of insolvencies decreased in Q2 2018 but was higher than the same quarter in 2017
- This was driven by falls in compulsory liquidations, administrations and underlying creditors’ voluntary liquidations.
- Total individual insolvencies continued to increase in Q2 2018, reaching the highest quarterly level since Q1 2012
- This was driven by increases in individual voluntary arrangements, which reached a record high, and debt relief orders.