Dark clouds on the horizon that could settle over the UK
The first quarter 2018 statistics from InfolinkGazette show a 40% increase in the total claim value of unsecured creditors in UK company liquidations and administrations.
The average first quarter total claim value over the last 5 years has been £1 billion, but leaped £0.4 billion to £1.4 billion in Q1 2018. The number of unsecured creditor claimants remained consistent with the running average quarterly norm at 44,000.
Commenting on the quarterly figures, Greg Connell, Managing Director of InfolinkGazette, said “This is the first significant Q1 variance since we started collecting the data in 2012, and the first time the average unsecured creditor claim value has exceeded £32,000.”