January 31st, 2019 / Insight posted in Articles

Individual voluntary arrangements drive rise in personal insolvencies – Q4 2018

The Insolvency Service has released its latest figures for Q4 2018 and reports that underlying company insolvencies decreased compared with the previous quarter but were higher than the same period in 2017. In the twelve months ending Q4 2018, one in 242 companies entered liquidation (excluding bulk insolvencies). Total individual insolvencies rose to the highest level since Q2 2010, driven by a rise in individual voluntary arrangements. In the twelve months ending Q4 2018, one in 401 adults became insolvent.

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