Despite more favourable economic conditions, the latest statistics from the Government’s Insolvency Service have shown that the number of people who become formally insolvent between April and June 2016 has increased by 6.9% on the previous quarter and has risen … Continue reading
Category Archives: Statistics
Insolvencies fall in 2015
Official statistics for 2015 have shown a continued decrease in the number of people and companies going bust. Company insolvency has fallen to its lowest level since 1989 whilst the number of people becoming insolvent is at the lowest level … Continue reading
Infographic | Stats show Businesess and Individuals still struggling with cash flow problems
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The latest insolvency statistics from the Insolvency Service show Businesess and Individuals still struggling with cash flow problems.
The most recent government insolvency figures show that throughout the country 2,481 companies went into compulsory liquidation in the first quarter of 2015, a drop of 15.9 per cent on the same period last year.
A further 904 companies voluntarily called in a liquidator rather than being wound up by the Courts, falling by 5.6 per cent.
And at the same time, personal insolvencies stood at 20,826, a fall of almost 19 per cent on last year’s figure.
- “These statistics show that, overall, the economy is showing signs of improvement.
- The number of businesses and individuals using a formal insolvency procedure to deal with over-indebtedness are both going down.
- But the numbers are still above the historical average and thousands of people and companies are still struggling with cash flow problems and high levels of debt.
As these figures demonstrate, fewer companies need to close as there are often ways to breathe new life into struggling businesses. In addition, rescue procedures can be used to minimise the impact of any closure and to mitigate the loss to creditors, employees and business owners.
As always, though, the advice is quite simply to Call us by seeking expert advice as soon as possible because there is so often a positive outcome to be achieved.
Stats show Businesess and Individuals still struggling with cash flow problems.
As these figures demonstrate, fewer companies need to close as there are often ways to breathe new life into struggling businesses. In addition, rescue procedures can be used to minimise the impact of any closure and to mitigate the loss to creditors, employees and business owners.
As always, though, the advice is quite simply to Call us by seeking expert advice as soon as possible because there is so often a positive outcome to be achieved.
Also read BDaily as Paul talks to them about these.
Infographic: 30 Years of Insolvencies- The Big Picture
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With the release of insolvency statistics for 2014, we thought it would be good to look back over the past 30 years to see what has changed. We’ve created an infographic to show how the levels of insolvencies for both individuals and businesses have changed and why, according to the bigger picture, this has been the case.
Infographic: Insolvency Statistics for 2014
The release of insolvency statistics for 2014 by the Insolvency Service has painted a positive picture of the past year in comparison to 2013, with the numbers of both company and personal insolvencies decreasing. The following infographic including a helpful … Continue reading
Infographic: Christmas Spending
Christmas can be an expensive time of year, but where does all the money go? We’ve gathered some statistics on the breakdown of Christmas spending, which countries spend the most, and how consumers try to cope.
Infographic: Insolvency Statistics September-July 2014
Statistics for the third quarter of this year have been released by the Insolvency Service today. These show a fall in the numbers of both company liquidations and individual insolvencies.
Moorhead Savage welcomes ‘encouraging’ insolvency figures
New figures show there are signs that the economy is strengthening for both companies and individuals. The good news is not entirely unexpected but nevertheless is still welcome and suggests that the economy is maintaining an upward trajectory. … Continue reading
Where did all the bankruptcies go?
Statistics from the Insolvency Service show that although the number of personal insolvencies have increased, the number of bankruptcies has significantly fallen. Instead Individual Voluntary Arrangements (IVA) are proving more popular solutions to debt. If you are … Continue reading
Rollercoaster ride for the construction industry shows wider uncertainty over the economy
Two studies into the construction sector have given very different pictures of the state of the building industry and have highlighted uncertainty in the wider economy. Recently released figures from the Office of National Statistics (ONS) have shown an improvement … Continue reading