Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased whilst business insolvencies declined in Northern Ireland in February 2025.
The data showed that there 21 business insolvencies registered in Northern Ireland, this was 19% lower than in February 2024. The total number of company insolvencies was comprised of nine compulsory liquidations, eight CVLs, two CVAs and two administrations.
There were no receivership appointments.
Personal insolvency data showed that there 126 individual insolvencies in Northern Ireland. This was 3% higher than in February 2024.
There were 83 IVAs, 21 bankruptcies and 22 DROs.
