National Statistics

Insolvency Statistics: July to September 2014

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

Documents

Insolvency Statistics July to September 2014 release

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Insolvency Statistics July to September 2014 tables

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Insolvency Statistics July to September 2014 infographic

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Insolvency Statistics 1984 to September 2014 (csv format)

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Insolvency Statistics July to September 2014 pre-release list

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Insolvency Statistics July to September 2014 IVA revisions table

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Details

This statistical release contains the latest quarterly statistics on insolvency in England and Wales, both for companies (company insolvency) and for people (individual insolvency). It also includes related statistics for Scotland and Northern Ireland.

Key Facts

Companies

  • The number of company liquidations in England and Wales decreased by 11.7% compared with July to September 2013.
  • Administrations decreased by 18.8%, and company voluntary arrangements and receiverships also decreased.

People

  • The number of people who became insolvent in England and Wales decreased by 4.6% compared with July to September 2013.
  • This is driven by decreases in the number of bankruptcy orders (down 18.7%) and individual voluntary arrangements (down 1.9%).
  • Debt relief orders increased by 2.7% compared with July to September 2013.
  • Figures for individual voluntary arrangements have been revised back to April to June 2011 (see note below)

Revisions to Individual Voluntary Arrangement figures

Statistics on individual voluntary arrangements (IVAs) and total individual insolvencies have been revised back to Q2 2011, following a data cleansing exercise undertaken by the Insolvency Service. This has, in the main, consisted of removing duplicate records from the IVA data. A separate table showing the scale of revisions accompanies this statistics release. IVA statistics will be revised in future publications, in accordance with the Insolvency Service’s revisions policy.

Published 29 October 2014