Credit, collections & insolvency news
Latest monthly statistics from the Insolvency Service have shown that business insolvencies doubled and personal insolvencies decreased in Northern Ireland in March 2024.
In March 2024 there were 26 company insolvencies registered in Northern Ireland, twice as many as (100% higher than) in March 2023.
The business insolvencies comprised of 14 CVLs, 8 compulsory liquidations, 3 CVAs and 1 administration. There were no receivership appointments.
The personal insolvency figures showed that there were 123 insolvencies in Northern Ireland. The personal insolvency figures were 21% lower than in March 2023.
The insolvencies comprised of 91 IVAs, 9 DROs and 23 bankruptcies.