Northern Irish business fall whilst personal insolvencies increase

19th July 2023

Business

#northern irish business insolvencies #northern irish personal insolvencies

Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies fall whilst personal insolvencies have risen

In June 2023 there were 14 business insolvencies registered in Northern Ireland, 44% lower than June 2022.

The business insolvencies comprised of 11 CVLs, two compulsory liquidations and one CVA.

There were no administrations or receivership appointments.

The data showed that there were 160 individual insolvencies in Northern Ireland, in which was 19% higher than in June 2022.

The personal insolvencies consisted of 110 IVAs, 14 DROs and 36 bankruptcies.

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Northern Irish business fall whilst personal insolvencies increase

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