Insolvency statistics for England and Wales, Q1 2015

Insolvency statistics for England and Wales, Q1 2015

The first quarter’s insolvency statistics for England and Wales have been released.

It sees company liquidations drop to their lowest level since 2007 and individual insolvency hit their lowest point since 2005.

Consequently, both are positive signs reflecting the economic improvement. It may even demonstrate an increased awareness of the need for budgeting and watching personal finances.

Interestingly, while creditors voluntary liquidations total has dropped, compulsory liquidations show signs of increase. At this stage this is most likely a blip in the data.

However should this trend continue, it may suggest a shift in the attitude of company directors. Due to an increasing number preferring to allow the company to enter compulsory liquidation rather than take recovery action. However, this may be because of a lack of awareness regarding the alternative options available.

Insolvency statistics for England and Wales, Q1 2015

Share this infographic on your site

References and further reading

Insolvency Statistics for England and Wales

If you found this article informative and helpful...Please Share!

435

Leave a comment

Related posts

Sign up for our newsletter and support Neurocare’s ROSA robot project…

Our newsletter is full of financial advice for businesses and individuals and latest news.

We are helping Neurocare to fund their ROSA machine. This state of the art robot is the first of its kind to be brought to the UK and installed in a NHS hospital here in Sheffield. - Read More

Currently for every newsletter sign up we receive, we will donate £2 to Neurocare.

Disclaimer: We guarantee privacy with your information and you will not receive spam emails for us.