insolvency Statistic

Insolvency statistics

Authored by Phil Meekin

Phil Meekin

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Approximate read time: 1 minute

There is a fall in numbers of administrations currently. At a time when there is an increasing of company insolvencies which suggests less companies being rescued from insolvency.

Over the last year, the number of company insolvencies (liquidations and administrations) has increased by more than 4%.

The number of administration’s in the first quarter have fallen by 7% in comparison to the previous quarter. Administrations primary aim is to rescue all or part of the business. The fall in administration numbers at a time when company insolvency is increasing suggests less companies being rescued from insolvency.

These statistics are based on the first quarter’s results and the county has entered into a recession since then. The next six months results will be the ones to show us how businesses are managing during the double-dip recession.

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