Insolvency Stats for Q1 2021
Latest Insolvency Stats
The insolvency statistics for Q1, 2021, covering corporate and individual insolvencies in England & Wales, have been released by the Insolvency Service.
During this period, corporate insolvencies fell 21.9% (2,384 corporate insolvencies) compared to Q4 2020 when there was a total of 3,053 corporate insolvencies, and a fall of 38.3% when compared to Q1 2020 (3,863).
The insolvencies are the lowest total per quarter on record, suggesting that Government Covid support measures are still helping businesses; however, insolvencies did increase during February and March, suggesting that there may be difficult times ahead.
As for individual insolvencies, there were 29,140 individual insolvencies in Q1 2021, a fall of 5.3% compared to Q4 2020’s figure of 30,769, and a rise of 0.7% compared to Q1 2020 (28,936).
