Northern Irish business insolvencies increase personal insolvencies fall

31st January 2024

News

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased by 62% from the same quarter of 2022.

The figures showed that there were 81 business insolvencies in Northern Ireland in Quarter 4 (Q4) 2023. The insolvencies comprised 33 compulsory liquidations, 38 CVLs, three CVAs and seven administrations. There were no administrative receiverships.

The figures showed that in Q4 2023 there were 312 personal insolvencies 28% down on the same quarter of 2022.

The personal insolvencies comprised 224 IVAs, 34 DROs and 54 bankruptcies.

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Northern Irish business insolvencies increase personal insolvencies fall

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