Official Statistics

Individual Voluntary Arrangements Outcomes and Providers 2021

Statistics on the outcome status and providers of individual voluntary arrangements registered in England and Wales.

• From: The Insolvency Service
• Published: 1 March 2022

Applies to England and Wales

Documents

Commentary - Individual Voluntary Arrangements Outcomes and Providers 2021

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Data Tables in Excel (xlsx) Format - Individual Voluntary Arrangements Outcomes and Providers 2021

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Data Tables in Open Document Spreadsheet (ods) Format - Individual Voluntary Arrangements Outcomes and Providers 2021

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Methodology and Quality Document - Individual Voluntary Arrangements Outcomes and Providers 2021

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Pre-Release Access List - Individual Voluntary Arrangements Outcomes and Providers

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Details

• In England and Wales, one in 26 Individual Voluntary Arrangements (IVAs) (3.8%) registered with the Insolvency Service in 2020 terminated within one year of being approved. This was the lowest level recorded in the time series, which began in 2000. Two- and three-year IVA termination rates (for IVAs registered in 2019 and 2018 respectively) also decreased compared to IVAs registered in the preceding years.

• Termination rates over the lifetime of an IVA increased from approximately 25% for IVAs registered between 2011 and 2014 to more than 30% for IVAs registered in 2016 and 2017. The 2016 and 2017 numbers are the highest since 2009 and are likely to increase further, as many IVAs from these years remained ongoing as at 31 December 2021.

• In 2021, 81,199 IVAs were registered. This was the highest annual number in the time series going back to 1990, continuing an increasing trend in IVA numbers. Sixteen firms accounted for more than 90% of new IVAs registered in 2021.

Published 1 March 2022