Latest figures from the Insolvency Service – Quarter 2 2013

The Insolvency Service has released the official figures for the second quarter of 2013.  Generally the statistics seem promising with liquidations and personal insolvencies down on the same period in 2012.

Company Liquidations

Compulsory – 961

Creditors Voluntary – 3017

Receivership’s – 192

Administrations – 622

Company Voluntary Arrangements – 160

Individuals

Bankruptcy Orders - 6469

Debt Relief Orders - 7132

Individual Voluntary Arrangements - 12,116

Full information on the statistics can be found on the Insolvency Service website.

If you or your clients would like advice on a liquidation matter, please call Paul Bailey or Tom Ahmad on 020 8662 6070 for confidential advice.