April 30th, 2019 / Insight posted in Articles

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.

 

*Including bulk insolvencies
Source: The Insolvency Service