Monday, 8 November 2010

Insolvencies - trending downwards?

STATISTICS RELEASE: INSOLVENCIES IN THE THIRD QUARTER 2010


There were 3,974 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2010 (on a seasonally adjusted basis).  This was a decrease of 2.2% on the previous quarter and a decrease of 13.9% on the same period a year ago. 






This was made up of 1,126 compulsory liquidations (which are down 3.2% on the previous quarter and down 12.6% on the corresponding quarter of the previous year), and 2,847 creditors voluntary liquidations (which are down 1.8% on the previous quarter and down 14.4% on the corresponding quarter of the previous year). 


Additionally, there were 1,141 other corporate insolvencies in the third quarter of 2010 (not seasonally adjusted) comprising 349 receiverships, 633 administrations and 159 company voluntary arrangements. In total these represented a decrease of 27.7% on the same period a year ago.  Within this, administrations were down 35.0%. 


Source: Insolvency Service

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