Maybe some good news for once?
It seems the number UK companies getting liquidated or going into administration are down along with the number of people becoming insolvent, compared to the same time last year.
Figures from the Govt National Statistics:
Companies
- The number of company liquidations in England and Wales decreased by 11.7% compared with July to September 2013.
- Administrations decreased by 18.8%, and company voluntary arrangements and receiverships also decreased.
People
- The number of people who became insolvent in England and Wales decreased by 4.6% compared with July to September 2013.
- This is driven by decreases in the number of bankruptcy orders (down 18.7%) and individual voluntary arrangements (down 1.9%).
- Debt relief orders increased by 2.7% compared with July to September 2013.
Apparently the rate of company liquidations is the lowest since records began in 1984.
