Insolvency industry

The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.

We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.

Guides are also available on the Accountancy and Legal services sectors.

Restructuring trends
Recent articles from PwC on issues and trends impacting the UK restructuring market.

The curious incident of the insolvency sector in the light of economic turbulence
Vernon Dennis of Howard Kennedy LLP discusses challenges faced by the insolvency sector in an article published by Accountancy Age on 23 January 2017.

Global bankruptcy report 2021
Report from Dun & Bradstreet looking at bankruptcy trends in 38 countries around the world.

Need to find the latest news on this industry sector? We can carry out industry news searches using a range of trade titles and general business sources through our databases. To discuss your requirements, please contact the enquiry team on +44 (0)20 7920 8620 or at library@icaew.com.

Useful links

Insolvency News
News, articles and analysis related to the insolvency and restructuring industry.

Insolvency statistics
The Insolvency Service publishes data on company and individual insolvencies for England and Wales plus Scotland and Northern Ireland.

National insolvency statistics
INSOL Europe provides links to insolvency statistics for the following countries: Austria, Croatia, Cyprus, Denmark, England and Wales, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Portugal, Scotland and Northern Ireland, Spain, Sweden and Switzerland.

Bankruptcy statistics
The American Bankruptcy Institute provides data on state and district and commercial bankruptcies.

The ICAEW Library holds numerous publications on insolvency law and also subscribes to electronic databases with the complete text of UK legislation. For information on accessing these resources, please contact the Library on +44 (0)20 7920 8620 or at library@icaew.com.

Useful links

Legislation
Collection of laws and statutes relevant to insolvency in the UK. Compiled by the Association of Business Recovery Professionals.

Liquidation and insolvency
Basic overview of insolvency and liquidation proceedings from GOV.UK with more detailed information about the documents that must be delivered to the Registrar of Companies.

Insolvency Service
Government body dealing with insolvency issues in England and Wales. The site provides a range of resources including legislative information, guidance notes, details of official receivers and the bankruptcy and insolvency register.

Gazette
Official Newspaper of Record for the UK, giving notices on regulatory and legal information including insolvency notices. Still printed as separate editions for Edinburgh, London and Belfast, but all three now share a website.

A guide to European restructuring and insolvency procedures
Guide published by Clifford Chance providing an overview of the relevant law in the following countries: England and Wales, France, Italy, Luxembourg, Belgium, Germany, Spain, Netherlands, Poland, Czech Republic, Slovak Republic, Romania, Ukraine, Russia and Turkey. Published in September 2015.

Recognised professional bodies

There are a number of recognised professional bodies that authorise and regulate insolvency practitioners in the UK:

• ICAEW
• Chartered Accountants Ireland
• Institute of Chartered Accountants in Scotland (ICAS)
• Insolvency Practitioners Association (IPA)

ICAEW

The insolvency section of the ICAEW site provides a range of resources including regulations and guidance for those licensed as insolvency practitioners with ICAEW.

The Statements of Insolvency Practice (SIPs) are freely accessible to all, covering:

• England and Wales
• Northern Ireland
• Scotland

Support for insolvency practitioners
Practical resources from ICAEW for insolvency practitioners including guidance, help in marketing insolvency and restructuring services and sources of further support.

Salary surveys

We link to the latest annual salary surveys and reports on remuneration and pay across the financial sector for accounting professionals, directors and executives.

Fees

Insolvency practitioner fees: a review
Research paper on the current fee regime for personal and corporate insolvency practitioners. Published by the Insolvency Service in March 2014.

Office for National Statistics

Average employment costs within this sector are available from Table 14 of the Office for National Statistics publication Annual Survey of Hours and Earnings (ASHE). Average employment costs are provided for full-time employees, part-time employees and all employees.

The data includes average employment costs for:

• chartered and certified accountants
• legal professionals

Other regions

Please see individual country profile pages for links to sources of national statistics.

The websites of government, regulatory and trade bodies in this sector are a useful source of industry overviews, contacts and statistics.

UK

• Association of Business Recovery Professionals (R3)
• Insolvency Lawyers' Association
• Insolvency Service
• Institute for Turnaround (IFT)
• NARA: The Association of Property and Fixed Charge Receivers
• Turnaround Management Association (TMA)

International

• American Bankruptcy Institute (ABI)
• Australian Restructuring Insolvency and Turnaround Association (ARITA)
• Australian Financial Security Authority
• European Association of Certified Turnaround Professionals (EACTP)
• International Association of Restructuring, Insolvency & Bankruptcy Professionals (INSOL)

INSOL provides a list of member associations by country.

Trade journals, B2B magazines and specialist consumer magazines are another useful source of news and statistics

Recovery
Quarterly magazine for professionals working within insolvency and business recovery in the UK, published by the Association of Business Recovery Professionals (R3). The latest edition, together with back issues to 2008, are available on the R3 web site.

Journals in the Library collection

• Corporate Rescue and Insolvency
• Recovery (R3)

If you wish to consult an issue or obtain a copy of an article, please contact the Library on +44 (0)20 7920 8620 or at library@icaew.com

Insolvency practitioner directory
Directory provided by the Insolvency Service of licensed insolvency practitioners. Users can search by name, town or county.

R3 directory
Directory from the Association of Business Recovery Professionals (R3). Provides details of professionals working with underperforming and financially distressed businesses and individuals. Also includes suppliers of services to these professionals.

• View a list of the latest articles in our collection on insolvency
• View a list of the latest books in our collection on insolvency

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.