Latest monthly statistics from the Insolvency Service show that in April 2025, personal insolvencies increased while business insolvencies declined in Northern Ireland.
The data showed that there were 123 individual insolvencies in Northern Ireland. This was 10% higher than in April 2024. There were 95 IVAs, 16 bankruptcies and 12 DROs.
Business insolvency data shows there were 30 company insolvencies, this was 9% lower than in April 2024.
The total number of business insolvencies comprised of 14 compulsory liquidations, 11 CVLs, three CVAs and two administrations. There were no receivership appointments.
