National Statistics

Insolvency Statistics: January to March 2018

Statistics on new corporate and individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland.

Documents

Insolvency Statistics January to March 2018 release

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Insolvency Statistics January to March 2018 tables

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Insolvency Statistics January to March 2018 industry breakdown

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Insolvency Statistics January to March 2018 company insolvency infographic

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Insolvency Statistics January to March 2018 individual insolvency infographic

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Insolvency Statistics January to March2018 data (CSV format)

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Insolvency Statistics January to March 2018 Pre-release access list

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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) 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.

Main messages

Companies

  • 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.

People

  • 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.
Published 27 April 2018