Northern Irish business insolvencies double personal insolvencies also increase

18th March 2024

Latest monthly statistics from the Insolvency Service have shown that business insolvencies doubled and personal insolvencies increased in Northern Ireland in February 2024. The data showed that there were 26 company insolvencies registered in Northern Ireland, twice as many as (100% higher than) in February 2023.

This was comprised of nine CVLs, 14 compulsory liquidations, and three administrations. There were no CVAs or receivership appointments.

The personal insolvency figures showed that there were 122 individual insolvencies in Northern Ireland, 13% higher than in February 2023.

The insolvencies consisted of 90 IVAs, 21 bankruptcies and 11 DROs.