2016 corporate and personal insolvency statistics
Corporate and personal insolvency statistics for 2016 have been published.
Commenting on the statistics, Insolvency Service chief executive Sarah Albon said:
The underlying trend for company insolvencies was static in 2016. The overall increase for the full year is attributable to a one-off liquidation of a large number of personal service companies following the closure of tax loophole making them unviable.
Personal insolvencies increased last year for the first time since 2010, however the total was still the second lowest number in the last 11 years. It is very distressing to live with unsustainable personal debt so it is important for people to seek advice.
Latest News from
Keep yourself safe – how to spot the signs of common scams23/08/2017 11:10:26
Fraudsters can be very persistent and convincing but you can spot the signs of common scams and keep yourself safe.
Provisional liquidation for 13 Stroud & Norwegian development companies15/08/2017 11:20:23
Thirteen companies have been placed in provisional liquidation following an investigation by Company Investigations of the Insolvency Service.
New Insolvency Service board members named10/08/2017 13:20:00
Three non-executive directors have been appointed to the Board of Insolvency Service.
Takeaway director disqualified for 6 years after employing illegal workers08/08/2017 15:20:00
Masum Ahmed, director of India Gate restaurant, Chichester, has been disqualified for six years for failing to comply with immigration law.