August 5th, 2019 / Insight posted in Articles

Insolvency statistics Q1 2019: largest fall in debt relief orders since Q1 2015

The Insolvency Service has released the latest figures for Q2 2019. They report that underlying company insolvencies have increased compared with Q1 2019 and were higher than the same period in 2018. Individual insolvencies are down this quarter which is attributed to a fall in individual voluntary arrangements and debt relief orders. The fall in debt relief orders was the largest since Q1 2015.

At Kingston Smith Licensed Insolvency Practitioners Smith & Partners, we are with our clients through the tough times as well as the good times. For companies or individuals facing challenges – be they performance dips, mounting debt or reduced cash flow – we can help.

Our expert restructuring team has decades of experience in creating positive outcomes from difficult situations. And the sooner we get called in, the greater our chances of securing a successful recovery.

*Including bulk insolvencies
Source: The Insolvency Service