Insolvency Statistics
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Feb- 2024 -19 FebruaryLatest News
Insolvencies increase by 5% in January
The number of registered company insolvencies in January 2024 was 1,769 – a 5% increase from the same month last year (1,685 in January 2023) according to new figures from the Government’s Monthly Insolvency Statistics. There were 339 compulsory liquidations in January 2024, up 66% year-on-year. The number of creditors’…
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Jul- 2023 -14 July
Supporting clients to improve cashflow
According to the government’s most recent insolvency statistics, there were 2,552 insolvencies in May 2023, 40% higher than the same period last year, and higher than pre-pandemic numbers. While some argue that support measures for Covid-19 artificially suppressed last year’s insolvency stats, nonetheless, this year’s statistics show an increasingly alarming…
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Mar- 2023 -15 MarchBusiness Recovery
Registered company insolvencies up 17% in February
This February saw the number of registered company insolvencies rise to 1,783, a 17% jump from the 1,518 recorded in the same month last year, according to the latest government statistics. According to the data gathered, the number of insolvencies reported in February 2023 is also 33% higher than that…
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Feb- 2023 -9 FebruaryAccounting Firms
22% of SMEs have no cash flow projection, study finds
Up to a quarter of SME businesses have no cash flow projection process in place despite the global economic crisis, according to a new poll by accountancy firm Azets. During a recent digital event themed financial resilience, attended by 183 SME business leaders, 22% of respondents said they do not…
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3 FebruaryBusiness Recovery
Quarterly company insolvencies up 30% year-on-year
Insolvency Service data has confirmed that the total number of registered company insolvencies for the quarter ending December 2022 was 30% higher than in the same quarter last year at 5,995. This brought registered corporate insolvencies for the whole of 2022 to a total of 22,109, which represents an increase…
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Dec- 2022 -15 DecemberBusiness Recovery
Company insolvencies rise 21% in November
The number of registered company insolvencies increased by 21% in November 2022 to 2,029, according to the latest figures from the Insolvency Service. This is compared with 1,676 in November 2021 and is also 35% higher than the number registered three years previously (pre-pandemic; 1,505 in November 2019). It also…
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Oct- 2022 -28 OctoberEconomy
Corporate insolvencies up 71% in Q3
Corporate insolvencies increased 71% in Q3 with formal corporate insolvency appointments currently over 50% higher than levels in 2021, according to the latest statistics from the Insolvency Service. Between 1 July and 30 September 2022 (Q3 2022), there were 5,595 (seasonally adjusted) registered company insolvencies, comprising 4,800 creditors’ voluntary liquidations…
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May- 2022 -18 MayCorporate Finance
April insolvencies more than double that of 2021
The number of registered company insolvencies in April 2022 was 1,991 – more than double that during the same month last year. The figure, released by the Office of National Statistics (ONS), is also 39% higher than the number registered three years previously (pre-pandemic; 1,429 in April 2019). However, this…
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Apr- 2022 -5 AprilFeatures
Overcoming the insolvency crisis
At the end of 2021, we were beginning to witness the incline in corporate insolvencies after the support of Government-backed loans were wound-down and the ability to pause debt repayments ceased. County Court Judgments (CCJs) against businesses increased by 139% in Q3 2021 and corporate debt increased by £1.9tn to…
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Feb- 2022 -16 FebruaryBusiness Recovery
Monthly insolvencies more than double year-on-year, data finds
The number of registered company insolvencies in January 2022 was 1,560, more than double the number registered in the same month in the previous year (758 in January 2021). The latest insolvency statistics from the Insolvency Service also revealed that in January 2022 there were 1,358 creditors’ voluntary liquidations (CVLs),…
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