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.
- 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.
- 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.