Insolvency Statistics, April to June 2015
Statistics on new corporate and individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland.
Documents
Details
This statistical release contains statistics on insolvency in England and Wales for Q2 2015, both for companies (company insolvency) and for people (individual insolvency). It also includes related statistics for Scotland and Northern Ireland.
Main messages
Companies
- Total company insolvencies in England and Wales decreased and were at the lowest level since Q4 2007.
- This decrease was mainly driven by a decrease in compulsory liquidations, which fell to the lowest level since Q4 2013
People
- The total number of people who became insolvent in England and Wales decreased for the fourth successive quarter, to the lowest level since Q3 2005.
- The number of bankruptcies, debt relief orders and individual voluntary arrangements all decreased for the fourth consecutive quarter.
- The number of individual voluntary arrangements was at the lowest level since Q1 2006
Prior notice of change to statistical methods
The Insolvency Service ran a consultation on changing the methodology for statistics on company insolvencies. The outcome of the consultation has been published and the resulting changes will be implemented in the next statistics release, due to be published 29 October 2015.
Updates to this page
Published 29 July 2015Last updated 13 January 2020 + show all updates
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Minor punctuation change to title for consistency
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Noted added on forthcoming change to statistical methods.
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First published.