Northern Irish business and personal insolvencies increase

31st October 2022

Business

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies increased in Quarter 3 (Q3) of 2022.

The figures showed that there were 50 business insolvencies in Q3 2022, an increase of 47% from the same quarter of 2021.

The business insolvencies comprised 38 CVLs, five compulsory liquidations, four administrations and three CVAs. There were no administrative receiverships.

The figures also showed that there were 437 personal insolvencies in Northern Ireland, 6% up on the same quarter of 2021.

This comprised 373 IVAs, 46 DROs and 18 bankruptcies.

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Northern Irish business and personal insolvencies increase

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