Northern Irish personal insolvencies increase whilst business insolvencies fall

21st October 2024

Business

#northern irish business insolvencies #northern irish personal insolvencies

Latest monthly statistics from the Insolvency Service have shown that personal insolvencies increased by 20% and business insolvencies decreased by 24% in Northern Ireland.

The data shows that in September 2024, there were 155 personal insolvencies in Northern Ireland. This was 20% higher than in September 2023. The personal insolvencies consisted of112 IVAs, 24 bankruptcies and 19 DROs.

Business figures showed that there were 28 business insolvencies in Northern Ireland. This was 24% lower than in September 2023.

The business insolvencies comprised of 15 compulsory liquidations, 10 CVLs, two administrations and one CVA.

There were no receivership appointments.

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Northern Irish personal insolvencies increase whilst business insolvencies fall

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