Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Company insolvencies rise in second quarter of the year

19 August 2019
Issue: 4709 / Categories: News

The Insolvency Service individual insolvency statistics published for quarter two (April to June 2019) show that company insolvencies increased between April and June 2019 to 4 321 which is 2.6% higher than the previous quarter. This rise was driven by company voluntary liquidations which increased by 6.9% compared to quarter one. All other types of company insolvency fell: compulsory liquidations by 4.1% company voluntary administrations by 1.1% and administrations by 11.4% from a five year high in quarter one of 2019.

Louise Brittain partner and head of contentious insolvency at Wilkins Kennedy said: ‘Overall since 2016 the number of company failures has been erratic quarter on quarter largely as a result of large corporate failures and many companies in the UK running on tight margins and as a result of the many zombie companies still trading. Administrations increased 15% on the same quarter last year and compulsory...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon