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 (excluding bulk insolvencies) increased in Q1 2018, to the highest quarterly level since Q1 2014.
- This was driven by a rise in underlying creditors’ voluntary liquidations, and compulsory liquidations.
- Total individual insolvencies increased in Q1 2018, reaching the highest quarterly level since Q3 2012.
- This was driven primarily by an increase in individual voluntary arrangements, which reached a record high, while the number of bankruptcies and debt relief orders also increased.