Insolvency Statistics

8 November 2018: The underlying number of corporate insolvencies rose in Q3 against both the previous quarter and against the same quarter in 2017. The main driver for growth was in Creditors’ Voluntary Liquidations (“CVL”) which are now at their highest level since Q1 2012.

Construction companies were hardest hit in the 12 months ending Q3 2018 followed by wholesale and retail trade and motor vehicle repairers.

Personal insolvency numbers fell, largely due to a fall in IVA which, in turn, were offset by increases in the number of Bankruptcies and Debt Relief Orders.