The recent company insolvency statistics has shown that 4,233 companies have chosen to voluntary liquidate their struggling businesses in the period April-June of this year. This is a rise of voluntary liquidation by 2.7% on the previous three months and of 4.4% in compared to the same period of 2010.

Interestly this report shows increasing rate of creditors’ voluntary liquidations compared to compulsory liquidations for the reported period. So 1,290 companies were compulsory liquidations and, at least 2,943 were voluntary.

Speaking in percentages the numbers of compulsory liquidation has soared by 19.8% from January – March report and is also up by 11.1% from the same quarter of 2010. Percentages of creditors’ voluntary liquidations fell by 3.3% from Jan-March 2011, but are still an increase of 1.7% from 2010.

In addition to the 4,233 company liquidations arising from these two most popular methods there was also 1,232 other corporate insolvencies which represent a 6% drop. These included receivership (350), administrations (695) and company voluntary arrangements (187).

 

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