COMPANY insolvencies in 2015 were at their lowest level since 1989, the latest Insolvency Service figures published today, reveal.
The downward trend was primarily driven by a decrease in compulsory liquidations, which fell to the lowest annual total since 1981.
Personal insolvencies followed a similar trajectory, with the total individual insolvencies recording their lowest annual level since 2005. The last quarter of 2015 showed a 10.5% fall on the same period in 2014.
The fall was spurred on by a fall in individual voluntary arrangements, which were at the lowest level since 2008.
The figures echo the same downward trend in Scotland….