The figures for April to June 2016 show that total company insolvencies were lower than the previous quarter and also decreased on the year, largely because of a fall in compulsory liquidations.
An estimated total of 3,617 companies entered insolvency in Q2 2016, which was 4.2% lower than Q1 2016 and 2.7% lower than Q2 2015. The estimated liquidation rate in the 12 months ending Q2 2016 was 0.42% of active companies, the lowest level since comparable records began in Q4 1984.
John Cullen, partner and corporate recovery specialist at Menzies LLP, said: The reduction in compulsory liquidations is a significant victory for business recovery. Previously firms have been held back by a lack of viable turnaround options, with too many succumbing …
Read the full article at: https://www.cchdaily.co.uk/mixed-outlook-latest-insolvency-statistics
