2014 Insolvency statistics

Friday 30 Jan 2015 @ 08:05
Insolvency Service

Insolvency Statistics for October to December 2014 have been released.

The latest data on company and individual insolvencies have been published yesterday. The statistics show figures for both the last quarter of the year and the overall figures for the year.

The interim Chief Executive at the Insolvency Service, Graham Horne, said yesterday:

Today’s figures show the lowest number of personal insolvencies for some years. It is also good to see that more debtors have been able to reach agreements with those to whom they owe money through the use of Individual Voluntary Arrangements (IVAs).

Corporate insolvencies have also dropped, especially the number of administrations, which are at their lowest since 2004.

Insolvency Statistics: October to December 2014

Channel website: https://www.gov.uk/government/organisations/insolvency-service

Share this article

Latest News from
Insolvency Service

IT consultant given 13-year directorship ban after concealing Covid loan

19/04/2024 11:05:00

Businessman applied for two Bounce Back Loans and failed to disclose existence of first loan to liquidators

More than 800 company directors banned for abusing Covid support scheme

15/04/2024 10:15:00

Tough action taken against directors to tackle Covid loan misconduct

Changes to Debt Relief Orders will support people in financial distress

08/04/2024 09:25:00

As changes to Debt Relief Orders come into force this week, we talk to the Insolvency Service’s Andrew Shore, who has overseen the change, to find out all you need to know.

Five sentenced in £500,000 bank fraud and money laundering scheme

25/03/2024 10:25:00

Insolvency Service secures convictions against five individuals involved in a complex fraud and money laundering scheme.

‘Don’t feel alone’: find out the first steps in the journey out of debt

21/03/2024 15:10:00

A range of solutions are available to help people deal with serious debt problems.

Insolvency Service secures bankruptcy restrictions as part of ongoing work to tackle Covid loan misconduct

11/03/2024 10:25:00

Restrictions have been secured against people who falsely applied for Bounce Back Loans.

Outcome of investigation into the directors of the collapsed Greensill group

08/03/2024 11:15:00

The Insolvency Service confirms the outcome of its investigation into the directors of the collapsed Greensill group of companies.

Cold-calling sales company shut down after targeting pensioners

08/03/2024 10:05:00

Company sold unnecessary service plans to vulnerable customers and told them they would be charged if they cancelled

Two companies shut down after £3million fraud against investors

22/02/2024 09:25:00

Finance companies Satchi Holdings PLC and Hartreel Ltd wound-up after misleading investors and failing to cooperate with an investigation into the firms’ affairs

WIREDGOV