Northern Irish business insolvencies rise whilst personal insolvencies fall

16th October 2023

Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies have risen.

In September 2023 there were 37 business insolvencies registered in Northern Ireland, 68% higher than September 2022. The business insolvencies comprised of nine CVLs, 25 compulsory liquidations, one administration and two CVAs.

There were no receivership appointments.

In September 2023 there were 129 personal insolvencies in Northern Ireland, which was 15% lower than in September 2022.

The insolvencies consisted of 104 IVAs, 11 DROs and 14 bankruptcies.