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Summary of Company Solvency Statistics – October – December 2016 (Q4 2016)


Below is the summary of the latest data published by The Insolvency Service on company insolvency.

Key Findings in Q4 2016

This quarter has seen an increase of company insolvencies overall with an estimated total of 16,502 companies entering insolvency, this was 12.6% higher than the year before. This was due to 1,796 connected personal service companies entering creditor’s voluntary liquidation in Q4 following changes to claimable expense rules. Furthermore, 14,706 companies entered insolvency in 2016, a rise of 0.3% on 2015 – excluding personal service companies. This was driven by a 0.7% rise in compulsory liquidations.

This quarter showcased the number of CVLs (Voluntary Liquidations)  remaining fairly stable, although they increased by an estimated 0.7% in Q4 2016 compared with 2016 Q3 and by 3.1% compared with 2015 Q4.

In addition, 327 estimated administrations in Q4 2016, a decrease of 10.0% compared to the previous quarter. Company voluntary arrangements increased by 14.7% on Q3 2016; and no administrative receiverships in Q4 2016. These remained in line with medium term trends.

  

To read more on these statistics the full document can be seen here > Summary of Insolvency Statistics –October – December 2016 (Q4 2016)


Added: 09 Feb 2017 10:32


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Insolvency Practitioners Association
About Us


We are an independent firm of specialist Licensed Insolvency Practitioners located in Bromsgrove, Worcestershire.

At The Timothy James Partnership, we work very closely with local businesses and professionals, providing guidance on formal insolvency procedures and advice on restructuring businesses.

We recognise that at times, companies find themselves in difficult financial circumstances and our aim is to provide practical solutions in these situations.