IVA Statistic

IVA statistic
Number of Insolvencies in England and Wales
  2005 Q4 2006 Q1r 2006 Q2r 2006 Q3r 2006 Q4p
Company Liquidations 3,198 3,452 3,252 3,239 3,194
of which: Compulsary 1,287 1,441 1,221 1,345 1,411
Creditors Voluntary 1,911 2,011 2,031 1,894 1,783
             
Individuals 20,679 23,531 26,125 27,828 29,804
of which: Bankruptcies 13,675 15,321 15,002 15,569 17,063
IVA's 7,004 8,209 11,122 12,259 12,741

Statistics

Statistics showing insolvencies in the second quarter 2006 are published today (4 August) by the Insolvency Service.

COMPANY LIQUIDATIONS

COMPANY LIQUIDATIONS

There were 3,194 liquidations in England and Wales in the fourth quarter of 2006 on a seasonally adjusted basis. This was a decrease of 1.4% on the previous quarter and a decrease of 0.1% on the same period a year ago.

This was made up of 1,411 compulsory liquidations, an increase of 4.9% on the previous quarter and an increase of 9.7% on the corresponding quarter of the previous year, and 1,783 creditors voluntary liquidations, a decrease of 5.9% on the previous quarter and a decrease of 6.7% on the corresponding quarter of the previous year.

0.6% of active companies went into liquidation in the twelve months ended Q4 2006, a decrease from 0.7% in the previous quarter and the corresponding quarter of 2005.

INDIVIDUAL INSOLVENCIES

INDIVIDUAL INSOLVENCIES

There were 29,804 individual insolvencies in England and Wales in the fourth quarter of 2006 on a seasonally adjusted basis. This was an increase of 7.1% on the previous quarter and an increase of 44.1% on the same period a year ago.

This was made up of 17,063 bankruptcies, an increase of 9.6% on the previous quarter and an increase of 24.8% on the corresponding quarter of the previous year, and 12,741 Individual Voluntary Arrangements (IVAs), an increase of 3.9% on the previous quarter and an increase of 81.9% on the corresponding quarter of the previous year.