The latest insolvency statistics for Quarter 3 2014 have been released today (29th October), almost all indicators showing a decline in both corporate and personal insolvency compared to the same period in 2013. 

Creditors Voluntary Liquidations dropped from 2,894 to 2,510, -13.3{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}

Compulsory Liquidations dropped from 921 to 858, -6.8{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}

Other Corporate Insolvencies (Receiverships, Administrations and Company Voluntary Arrangements) dropped from 1,010 to 811, -19.7{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34}.

Despite the well publicised improvement in the construction sector, the highest number of liquidations reported (Quarter 2) was in this sector – 1,811 Creditors Voluntary and 626 Compulsory Liquidations. Still some pain being experienced by many firms.

It will be interesting to see more detailed figures as they are released