Accredited official statistics

Insolvency Statistics, October to December 2017

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

• From: The Insolvency Service
• Published: 26 January 2018
• Last updated: 13 January 2020 — See all updates

Documents

Insolvency Statistics October to December 2017 release

PDF, 489 KB, 26 pages

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Insolvency Statistics October to December 2017 tables

MS Excel Spreadsheet, 569 KB

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Insolvency Statistics October to December 2017 industry breakdown

MS Excel Spreadsheet, 2.12 MB

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Insolvency Statistics October to December 2017 company insolvency infographic

PDF, 509 KB, 1 page

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Insolvency Statistics October to December 2017 individual insolvency infographic

PDF, 399 KB, 1 page

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Insolvency Statistics October to December 2017 data (CSV format)

CSV, 50.6 KB

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Insolvency Statistics October to December 2017 Pre-release access list

PDF, 87.3 KB, 1 page

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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 2017

• The underlying number of company insolvencies increased in 2017, driven by a rise in creditors’ voluntary liquidations.
• All other types of company insolvency decreased compared with 2016.

People in 2017

• Total insolvencies rose for the second consecutive year, returning to the levels seen in 2013 and 2014.
• This increase was driven by individual voluntary arrangements, which reached the highest recorded annual total.

Latest quarter (Q4 2017)

• Company insolvencies increased because of a bulk insolvency event, but the underlying number of company insolvencies decreased.
• Individual insolvencies remained stable compared with the previous quarter.

Advance notice of change of methods

In accordance with our revisions policy, we are pre-announcing a planned change to the method used to calculate the number of company insolvencies each quarter. Currently, company insolvencies are counted from the date the insolvency started, with statistics for the most recent quarter being an estimate based on incomplete data. Recent instances of bulk insolvencies of connected companies have had an impact on the quality of these initial estimates.

To address this, from April 2018, most company insolvencies will be counted from the date of registration. This means that statistics will no longer be estimated and then revised between quarters, and we will be able more readily to identify and account for bulk insolvencies.

Further information about this change is available on our website.

If you have comments or feedback regarding this change, please contact the Insolvency Service’s statistics team via email at [email protected]

Published 26 January 2018
Last updated 13 January 2020 + show all updates

1. 13 January 2020

   Minor punctuation change to title for consistency

2. 26 January 2018

   First published.