Heskin 01257 452 021
Manchester 0161 914 9255
Heskin Office 01257 452 021
Manchester Office 0161 914 9255
Insolvency Statistics 2015
Companies in 2015
Total annual company insolvencies were at the lowest level since 1989.
The decrease was mainly driven by a decrease in the compulsory liquidations, which fell to the lowest annual total since 1981.
People in 2015
Total individual insolvencies were at the lowest annual level since 2005.
This annual decrease was driven by a fall in individual voluntary arrangements, which were at the lowest level since 2008.
There was an increase in debt relief orders in the last quarter of 2015, which resulted from a change to the eligibility criteria.
About the author
12 March 2020
One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching you will reduce the danger by half
Failure can be a positive experience. It is, in a sense, the highway to success. Every fresh experience points out some form of error which we shall afterwards carefully avoid.
I am not discouraged, because every wrong attempt discarded is another step forward.
©2001-2018 Marshall Peters Limited • Company No. 04498468
Site designed by Enterprize Web Design & Print Ltd | ewdp.co.uk
Comments