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 in Q3 2017 decreased compared with the unusually high level in the previous quarter, when a large number of connected personal service companies entered liquidation.
- Compared with last quarter’s underlying numbers, company insolvencies rose in Q3 2017.
- Total individual insolvencies increased in Q3 2017, driven primarily by an increase in individual voluntary arrangements, which reached a record high.
Revisions to statistics on individual voluntary arrangements