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Number of Corporate Insolvencies Down

The government's formal insolvency staitistics show that in 2013, there were 14,982 company liquidations in total – a decrease of 7.3% compared to 2012. This was made up of 3,624 compulsory liquidations (down 14.9% on 2012) and 11,358 creditors’ voluntary liquidations (down 4.5% on 2012). Additionally, there were 1,001 other corporate insolvencies in the fourth quarter of 2013 comprising 236 receiverships, 642 administrations and 123 company voluntary arrangements (CVAs). In total these represented a decrease of 0.6% on the same period in 2012.

Recession?  What recession?