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Statistics on corporate and individual insolvencies in England and Wales for October to December 2017 have been released by the Insolvency Service.
Summarised by R3, the insolvency trade body:
Corporate insolvencies
- Excluding one-off ‘bulk insolvency events’, corporate insolvencies in 2017 rose 2.5 per cent from 2016. Excluding these one-off events, there were 15,112 insolvencies in 2017.
- Excluding a one-off ‘bulk insolvency event’, corporate insolvencies fell by 17.2 per cent in Q4 compared to Q3 2017 and by 10.9 per cent compared to Q4 2016.
Personal insolvencies
- Personal insolvencies fell 11 per cent from Q3 to Q4 2017, but were 10 per cent higher than in the same quarter in 2016.
- In 2017, there were 99,196 personal insolvencies, an increase of 9 per cent on 2016, when there were 90,657.
View the statistics for October to December 2017 here, and read more (and commentary) at r3.org.uk.