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 for the first time since Q1 2014, but were still lower than Q1 2015.
- This increase was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015
- Total individual insolvencies increased slightly compared to last quarter, but were lower compared to the same period a year ago.
- There was an increase in debt relief orders, which resulted from a change to the eligibility criteria.