Creditors’ voluntary liquidations down from last quarter – Q1 2019
The Insolvency Service has released its latest figures for Q1 2019 and reports that creditors’ voluntary liquidations are down 17.8% from Q4 2018. Other company insolvencies are up 25%, taking them to their highest level for five years.
Individual insolvencies have decreased overall this quarter driven largely by a 11.4% fall in individual voluntary arrangemens. However, individual insolvencies are still at their second highest level since Q3 2010.
At Kingston Smith & Partners, we are with our clients through the tough times as well as the good times. For companies or individuals facing challenges – be they performance dips, mounting debt or reduced cash flow – we can help.
Our expert restructuring team has decades of experience in creating positive outcomes from difficult situations. And the sooner we get called in, the greater our chances of securing a successful recovery.