Northern Irish personal decrease whilst business insolvencies increased

19th July 2021

Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies numbers decreased in June.

In June 2021 there were 163 personal insolvencies in which was 40% lower than June 2020 and 15% lower than June 2019. The figures consisted of 130 IVAs, 19 DROs and 14 bankruptcies.

There were 11 business insolvencies registered which were 22% higher than in June 2020 but 62% lower than June 2019. This is comprised of one compulsory liquidation, nine CVLs and one administration. There were no CVAs or receivership appointments.

Overall, numbers of registered company insolvencies have remained lower than pre-pandemic levels since the start of the first UK lockdown in March 2020.

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Northern Irish personal decrease whilst business insolvencies increased

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