Company insolvencies decreased in Q4 2018 on the previous quarter but were higher the same quarter in 2017.
Overall, all types of company insolvency increased in 2018 compared with 2017 except administrative receivership.
Insolvency Service figures show 17,439 companies entered insolvency in 2018, a rise of 0.7% on 2017. Total liquidations fell by 0.5% to 15,618; this consisted of an increase of 11.1% in compulsory liquidations to 3,117 and a decrease in creditors voluntary liquidations (CVLs) of 3% to 12,501.
There were 1,349 bulk insolvencies in 2018, roughly half as many as in 2017. Excluding bulk insolvencies, there were 16,090 insolvencies in 2018, a 10% increase on 2017.
Excluding bulk insolvencies, underlying company liquidations incr…
Read the full article at: https://www.accountancydaily.co/company-insolvencies-2018
