Insolvency statistics
The Government publishes quarterly statistics on the numbers and types of insolvencies that have begun in England and Wales.
Quarterly figures published on 6 August 2010 (second quarter of 2010) were as follows:
| Total | |||
| Company Liquidations: | Creditors’ Voluntary | 2,911 | |
| Compulsory | 1,169 | ||
| 4,080 | |||
| Receiverships | 302 | ||
| Administrations | 777 | ||
| Company Voluntary Arrangements ("CVA's") | 232 | ||
| 1,311 | |||
| Bankruptcies | 14,982 | ||
| Individual Voluntary Arrangements ("IVA's") | 13,466 | ||
| Debt Relief Orders ("DRO's") | 6,295 | ||
| 34,743 | |||
| Total Insolvencies in Quarter | 40,134 | ||
These figures show that in the 12 month period to 30 June 2010, approximately 1 in 127 active companies (0.8%) went into liquidation, which is down on last quarter and on the corresponding quarter a year ago. Conversely, personal insolvencies have increased from the corresponding quarter of 2009, with figures including Debt Relief Orders, which only came into effect from 6 April 2009.
Want to see the bigger picture?
Below is a graph of official insolvency statistics for all quarters from January 2000 to June 2010. It shows the increase in personal insolvencies and a fairly flat number of corporate insolvencies over the period.
Full government statistics can be found here