Quarterly insolvency statistics on corporate and individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland, have been released for January to March 2016.
Key findings for company insolvencies
- Total company insolvencies increased for the first time since Q1 2014, but were lower than Q1 2015.
- This increase was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015.
Key findings for individual insolvencies
- Total individual insolvencies increased slightly compared to Q4 2015, but were lower compared to Q1 2015.
- There was an increase in debt relief orders, which resulted from a change to the eligibility criteria.