The upswing was the first increase since Q1 2014, and was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015.
A total of 804 companies were subject to a compulsory winding-up order in Q1 2016, a 36% increase on the previous quarter but 11.5% lower than Q1 2015.
An estimated 2,515 companies entered creditors voluntary liquidation in Q1 2016, in line with current trends.
There were an estimated 301 administrations in Q1 2016, a decrease of 11.1% compared to the previous quarter and 10.9% lower than the same quarter in 2015. There were an estimated 75 CVAs in Q1 2016, a decrease of 7.4% on the previous quarter and 12.8% lower than Q1 2015.
The Insolvency Service says CVAs at their lowest level…
Read the full article at: https://www.cchdaily.co.uk/insolvency-figures-maintain-downward-trend-overall