National Statistics

Insolvency Statistics: October to December 2016

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

Documents

Insolvency Statistics October to December 2016 release

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Insolvency Statistics October to December 2016 tables

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Insolvency Statistics October to December 2016 industry breakdown

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Insolvency Statistics October to December 2016 personal insolvency infographic

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Insolvency Statistics October to December 2016 company insolvency infographic

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Insolvency Statistics October to December 2016 (CSV format)

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Insolvency Statistics October to December 2016 PRA 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 in 2016

  • The total number of company insolvencies was higher in 2016 than the previous year, primarily caused by 1,796 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules.
  • The underlying number of company insolvencies was broadly unchanged in 2016 compared with 2015.

People in 2016

  • Total individual insolvencies rose in 2016, but were at the second-lowest level in 11 years.
  • The increase in 2016 was driven primarily by an increase in individual voluntary arrangements, which returned to the level seen from 2009 to 2014.
  • Bankruptcies fell in 2016, but debt relief orders rose because of a change to eligibility criteria.

Latest quarter (Q4 2016)

  • The underlying number of company insolvencies rose compared with the previous quarter, and with Q3 2015, driven by an increase in compulsory liquidations.
  • Individual insolvencies decreased compared with the previous quarter but were higher than in Q3 2015, driven by an increase in individual voluntary arrangements and debtor application bankruptcies.
Published 27 January 2017
Last updated 27 January 2017 + show all updates
  1. Excel tables updated following a correction to Table 5 (insolvency rate and DRO rate in Q4 2016). Other related tables and outputs not affected.
  2. First published.