This statistical release contains statistics on insolvency in England and Wales for Q4 2014 and the calendar year 2014, both for companies (company insolvency) and for people (individual insolvency). It also includes related statistics for Scotland and Northern Ireland.
Companies in 2014
- Creditors’ voluntary liquidations in England and Wales decreased to the lowest annual total since 2008, but compulsory liquidations increased compared with 2013.
- The number of administrations was at its lowest since 2004, while receiverships and company voluntary arrangements declined to their lowest level since 2007.
People in 2014
- The number of people who became insolvent in England and Wales decreased for the fourth successive year, to the lowest annual total since 2005.
- The number of bankruptcies and debt relief orders decreased, but the number of individual voluntary arrangements was at its highest level since they were introduced in 1987