In Q4 2016 1,796 PSCs entered CVL following changes to claimable expense rules with a total of 16,502 companies entering insolvency in 2016.
The total number of company insolvencies has decreased by 26.1% with 3,967 companies entering insolvency in Q1 2017 compared to 5,564 in Q4 2016.
These 3,967 companies were made up of 2,693 CVLS (68%), 836 compulsory liquidations (21%) and 438 other insolvencies (11%).
Excluding the PSCs the number of companies who entered insolvency in Q1 2017 has risen by 4.5% compared to the underlying number in Q4 2016 and is up 5.3% compared with Q1 2016.
The number of companies entering CVL has risen by 5.3% compared with underlying figures for Q4 2016, and by 5.4% on Q1 2016. Excluding Q4 2016, CVLs were at the h…
Read the full article at: https://www.cchdaily.co.uk/voluntary-liquidation-surge-causes-drop-company-insolvency-numbers