Research and Statistics

​ Company insolvencies in England and Wales increased slightly in July 2026, with 1,931 companies entering formal insolvency such as administration or liquidation. This was 5% higher than in June 2026, but 5% lower than in July 2025. Creditors’ voluntary liquidations (CVLs) continued to make up the bulk of company insolvencies, accounting for 78% of all cases in July. The number of CVLs was 9% higher than in June, but remained 3% lower than in July 2025. Compulsory liquidations also increased slightly in July, rising by 4% compared with June, although they were 11% lower than in July 2025. Administrations fell sharply, dropping 33% compared with June and 19% compared with July 2025. This was mainly because June’s figures were affected by around 60 connected companies in the property sector entering administration. Administration numbers have been unusually volatile this year. Around 260 connected real estate companies entered administration across March, April and June, which has had a substantial impact on the headline totals. There were 22 company voluntary arrangements in July. This was 57% higher than in June and 83% higher than in July 2025, although CVA numbers remain very low by historical standards.What Is The Trend? Taken as a whole, the figures do not suggest that insolvencies are beginning to rise again. The 5% increase from June is within normal monthly variation and the total was still 5% lower than a year earlier. There are also some signs that insolvency volumes are easing compared with the very high levels seen in recent years. The average monthly number of CVLs during the first seven months of 2026 was 7% lower than the 2025 average, while compulsory liquidations were 6% lower. More broadly, average monthly company insolvencies during 2026 have been 6% lower than the monthly average recorded over the preceding three years. This has mainly been driven by lower numbers of CVLs. So, while insolvency levels remain high, the current picture looks more like a period of stabilisation than a renewed upward trend. The wider business environment has not changed significantly. Many companies continue to face pressure from employment costs, energy prices, borrowing costs, weak demand and historic debt. However, these pressures are not currently translating into a fresh surge in formal insolvencies. Our experience earlier in 2026 was that HMRC had increased enforcement activity against companies with tax debts that had been allowed to build up over a long period. This included winding-up petitions and greater use of enforcement officers. Such action can often become the immediate trigger for either a compulsory liquidation or for directors to place a company into creditors’ voluntary liquidation. For now, the July figures suggest that insolvency levels remain relatively stable, with some evidence that the very high levels of company liquidation seen in recent years are gradually beginning to come down. 

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​​Company insolvencies in England and Wales fell in June 2026, with 1,845 companies entering a formal insolvency process.This was almost unchanged from May 2026, when 1,849 insolvencies were recorded, but 10% lower than the 2,048 recorded in June 2025.The figures included 1,364 creditors’ voluntary liquidations, 276 compulsory liquidations, 191 administrations and 14 company voluntary arrangements. There were no receivership appointments.Creditors’ voluntary liquidations continued to account for the majority of company insolvencies, making up around 74% of all cases.However, the number of CVLs was 3% lower than in May and 15% lower than in June 2025. The average monthly number of CVLs during the first half of 2026 was also 8% lower than the monthly average recorded during 2025.This suggests that the exceptionally high level of voluntary company closures seen in recent years may now be beginning to ease.Compulsory liquidations also fell in June. The total was 2% lower than in May and 15% lower than in June 2025.The average monthly number of compulsory liquidations during the first half of 2026 was 6% lower than the monthly average for 2025.Administrations moved in the opposite direction, rising by 45% compared with May and by 80% compared with June 2025.However, the Insolvency Service said that approximately 60 connected companies in the real estate sector entered administration during the month.Administration numbers were also affected by similar groups of connected property companies entering administration in March and April. Around 260 connected real estate companies entered administration across these three months, meaning the headline increase does not necessarily reflect conditions across the wider economy.Company voluntary arrangements remained relatively rare, with just 14 CVAs recorded in June. This was 44% lower than in May.However, one significant recent example is kitchen retailer Magnet, which proposed a CVA as part of a wider restructuring plan intended to address unsustainable property costs and close 15 underperforming stores.The case demonstrates how a CVA can still be used by a substantial trading business to restructure its liabilities, preserve the majority of its operations and protect jobs.The longer-term figures also indicate that insolvency pressure may be easing slightly.In the 12 months to 30 June 2026, one in 198 companies entered insolvency, equivalent to 50.5 insolvencies per 10,000 companies.This was lower than the rate of 52.4 insolvencies per 10,000 companies recorded during the previous 12-month period.Although insolvency levels remain much higher than during the pandemic, when government support and restrictions on creditor action suppressed formal insolvencies, the current insolvency rate remains well below the peak seen during the 2008-09 recession.The Insolvency Service also noted that, despite increases in March and April, the average monthly number of company insolvencies since November 2025 has been 8% lower than the average recorded over the preceding three years. This has largely been driven by lower numbers of CVLs.Overall, the June figures provide further evidence that company insolvency volumes are beginning to fall.The reduction is not dramatic, and insolvencies remain at historically high levels, but both CVLs and compulsory liquidations are now noticeably lower than they were a year ago.The wider business environment remains difficult. Employment costs, energy prices, borrowing costs and weak consumer demand continue to place pressure on many companies.However, there has been no single major deterioration in trading conditions during recent months. Some of the geopolitical uncertainty that affected business confidence and energy markets earlier in the year also appeared to ease during June, although it is too early to know whether this will result in any sustained improvement.Our experience earlier in 2026 was that HMRC had increased enforcement activity against companies with tax debts that had been allowed to build up over a long period. This included the issue of winding-up petitions and greater use of enforcement officers.Enforcement action can often become the immediate trigger for directors to place a company into creditors’ voluntary liquidation.The recent reduction in both compulsory liquidations and CVLs may therefore indicate either that HMRC pressure has eased slightly or that fewer companies are now reaching the point where formal insolvency is unavoidable.It is still too early to say that the pressure on businesses has passed. Many companies remain heavily indebted and vulnerable to changes in costs, demand or creditor behaviour.Nevertheless, the June figures suggest that the overall direction of company insolvencies is now downward, rather than continuing the increases seen in previous years.

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Company Insolvencies Rise Slightly In April 2026Company insolvencies in England and Wales increased slightly in April 2026, with 2,085 companies entering a formal insolvency process. This was 2% higher than March 2026 and 3% higher than April 2025.The figures included 1,510 creditors’ voluntary liquidations, 371 compulsory liquidations, 183 administrations, 20 company voluntary arrangements and one receivership appointment.Creditors’ voluntary liquidations continued to make up the majority of insolvencies, accounting for around 72% of all cases. This suggests that many directors are still choosing to close insolvent companies voluntarily rather than waiting for creditors to take action.Compulsory liquidations also increased, rising 19% compared with March 2026. This was the highest monthly figure since February 2025 and was above the average seen over the previous 12 months.Administrations fell by 21% compared with March, although they remained significantly higher than in April 2025. The Insolvency Service noted that administration numbers in March and April were affected by around 200 connected companies in the real estate sector entering administration, meaning this may not reflect the wider trend.The longer-term picture shows that company insolvency levels remain much higher than the lows seen during the pandemic, when government support measures and restrictions on winding-up petitions reduced the number of formal insolvencies. However, the insolvency rate remains well below the peak seen during the 2008-09 recession.Over the 12 months to 30 April 2026, one in 193 companies entered insolvency. This represented a rate of 51.8 insolvencies per 10,000 companies, slightly lower than the rate recorded in the previous 12-month period.Overall, the figures suggest that financial pressure remains high for UK businesses. While the sharp rise in administrations may have been distorted by connected real estate cases, the continued high level of CVLs and the increase in compulsory liquidations show that many companies are still struggling with debt, cash flow and creditor pressure.At the moment there is alot of talk about the pressure of high costs of energy and employment being the primary drivers of business failures.  Until we have a better breakdown of which sectors are most affected we will not know for sure.  Our experience indicates that at the end of the first quarter of this year HMRC were chasing down debts that had been left for too long by issuing winding up petitions (compulsory liquidations) and enforcement officers.  The latter tend to precipitate creditors voluntary liquidations

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In February 2026, there were 1,878 company insolvencies registered in England and Wales. This represents a 7% increase on January 2026, but is 7% lower than February 2025. While this monthly rise may sound concerning, it is worth noting that the increase is less pronounced than usual, with typical month-to-month fluctuations averaging around 10% over the past three years. The rise in February was driven primarily by an increase in Creditors’ Voluntary Liquidations (CVLs), while compulsory liquidations fell slightly compared to January.Longer-term trends Looking at the broader picture, insolvency levels remain elevated by historical standards. Insolvencies last peaked during the 2008–09 financial crisis, before declining through the early 2010s. Numbers rose again in 2018 and 2019, reflecting growing economic pressures. During 2020 and 2021, insolvency activity fell to record lows, largely due to extensive government support measures introduced during the pandemic. From 2022 onwards, insolvency numbers rebounded sharply, with CVLs in particular rising above pre-pandemic levels. By 2023, total insolvencies reached a 30-year high, driven by record levels of voluntary liquidations. In 2025, overall numbers remained high, with an increase in compulsory liquidations offsetting declines in other procedures.Recent slowdown – but still high Encouragingly, the most recent data suggests a modest easing in insolvency volumes. The average monthly number of insolvencies over the last four months was 1,789, which is around 10% lower than the average seen between early 2022 and the end of 2025 (1,982). However, this should be viewed in context. Even with this slight reduction, insolvency levels remain significantly above long-term norms and are still comparable to those seen during periods of economic stress, such as the aftermath of the financial crisis.CVLs In February 2026, CVLs accounted for 78% of all company insolvencies. The number of CVLs increased by 11% from January 2026, but was 3% lower compared to the same month last year (February 2025). The average number of CVLs over the last 4 months was 10% lower than the average monthly number in 2025.In 2025 CVL volumes slightly decreased by 2% from 2024 and by 10% from the record-high number registered in 2023. The past four years have seen the highest four numbers of CVLs since the time series began in 1960. Between 2017 and 2019, CVLs had been rising at approximately 10% per year, but during the COVID-19 pandemic, they fell to their lowest levels since 2007. Compulsory liquidations The number of compulsory liquidations in February 2026 was 2% lower than in January 2026 and 35% lower than in February 2025. Compulsory liquidations in February 2026 were 20% lower than the 2025 monthly average.In 2025, compulsory liquidations were at the highest levels since 2012, having increased by 15% compared to 2024 volumes. This continued an increase from record low levels seen in 2020 and 2021, while restrictions applied to the use of statutory demands and certain winding-up petitions (leading to compulsory liquidations). Administrations The number of administrations in February 2026 was 4% lower than in January 2026, 30% higher than in February 2025, and 17% higher than the 2025 monthly average.In 2025, the number of administrations decreased by 8% from 2024. This followed a sustained increase between 2022 and 2024 after the 18-year annual low seen during the COVID-19 pandemic in 2021.What is causing the changes?The most common creditor in any insolvency is HMRC.  In the last few months, having held back for many years as companies have recovered from the recent headwinds, HMRC is now losing patience with companies that owe tax. What this means for directors The continued prevalence of CVLs highlights a key trend: many directors are choosing to take early, voluntary action rather than waiting for creditor pressure to escalate. If your business is experiencing financial difficulties, acting sooner rather than later can: Increase the range of available rescue options Reduce the risk of personal liability Help preserve value for creditors and stakeholdersIf you are concerned about your company’s financial position, seeking professional advice at an early stage is always the best course of action.

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​ There were 1,866 registered company insolvencies in England and Wales in November 2025. That’s 8% fewer than in October and 7% fewer than in November last year. Overall, insolvency numbers in 2025 have generally been slightly higher than in 2024, but still below 2023, which recorded the highest levels in 30 years. In November 2025, these cases included 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and one receivership. Compulsory liquidations were down sharply compared to October and were also below last year and the 2024 monthly average. CVLs were also lower than both October and the 2024 average, while both administrations and CVAs increased compared to October. Looking over the past 12 months to the end of November 2025, around 1 in every 189 companies entered insolvency (52.9 per 10,000 companies), which is slightly down on the previous 12-month period. Using this rolling annual measure helps smooth out monthly fluctuations and shows the broader trend.Creditors’ Voluntary Liquidations (CVLs)CVLs made up 78% of all insolvencies in November 2025. Numbers fell by 7% compared with both October 2025 and November 2024. So far in 2025, average CVL levels are broadly similar to 2024. CVLs had previously peaked in 2023 at the highest level since records began, after rising for several years, but fell in 2024 for the first time since 2020. Compulsory LiquidationsCompulsory liquidations dropped 21% from October and were 10% lower than November 2024. However, looking at 2025 so far, monthly averages are still around 17% higher than in 2024. Levels in 2024 were already the highest since 2014, following sharp increases from the very low levels seen during the pandemic when restrictions limited winding-up action. AdministrationsAdministrations were up 12% on October and 5% higher than November 2024, although the 2025 monthly average remains below 2024 levels. After hitting an 18-year low in 2021 during the pandemic, administration numbers have gradually risen and are now broadly similar to pre-pandemic levels. Company Voluntary Arrangements (CVAs)CVAs increased by 6% compared with October and were 29% higher than November last year, although absolute numbers remain low compared to historic trends.In Conclusion The fall in insolvency figures is a relief for policy makers but anecdotal evidence is that HMRC were taking a soft line against companies that owed tax in the last few months.  The budget uncertainty persuaded companies not to take risks and keep costs under control that may have also contributed to the fall.Find the full release here.

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In October 2025, there were 2,029 company insolvencies in England and Wales. The annual number of company insolvencies in the UK for 2024 was 23,872. Individual insolvencies in England and Wales reached 10,552 in October 2025.Company Insolvency Statistics (England and Wales) In October 2025, the number of registered company insolvencies in England and Wales was similar to September 2025 levels but 17% higher than in October 2024. The monthly numbers in the first ten months of 2025 have been slightly higher than in 2024, which followed a 30-year annual high in 2023.The total for October 2025 comprised:1,592 Creditors' Voluntary Liquidations (CVLs) 301 Compulsory Liquidations 119 Administrations 17 Company Voluntary Arrangements (CVAs)In the 12 months ending in October 2025, one in every 187 companies on the effective register entered insolvency. The industries most affected in this period were construction, wholesale and retail trade, and accommodation and food services.Individual Insolvency Statistics (England and Wales) In October 2025, there were 10,552 individual insolvencies, which is a 14% increase compared to October 2024.

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The Insolvency Service has just released its Creditors’ Voluntary Liquidation (CVL) Research Report.  The purpose of this report was to ascertain whether the recent reforms in 2017 on the CVL process had, in fact, made the process more efficient and increased the returns to creditors.Analysis was performed on a randomly sampled dataset of 2,717 completed CVLs which started in 2017.Efficiency was assessed through three quantitative measures: time to complete the CVL, associated costs, and recovery rates for creditors.Time: 6% of the sampled cases were ongoing at the time of data collection. The median duration to complete a CVL was 712 days.Cost: The median cost, represented as fees relative to the estate's value, was 163%.Recovery Rate: The median recovery rate for all creditors was 0%, indicating that in many cases, creditors did not receive any return.One might ask why the median was used, as opposed to the mean, in these calculations.  This is mainly because in the random sample there may well be some very large company liquidations that would distort the statistics.Other interesting statistics that come out of the research are as followsMedian Pre appointment fees were £4000 see the chart below that shows total fees. The overall returns to creditors are very poor.  The charts below shows preferential creditors that in most cases will be employees and HMRC (post 2020) and Fixed charge creditors who are in fact the first in line showing virtually nil return​ ​This poor level of return is concerning as one of the liquidator's jobs is to try and liquidate the assets to repay creditors.  However, remember the company in question has gone into liquidation as it is unable to pay its creditors!  Most directors will try and put off the inevitable and borrow against any assets they may have or sell them before they enter liquidation.  The reality is that most companies do not have any liquid assets that can be easily sold to repay creditors.  Often assets of any value are costly to move or have a limited market value.  In addition, the liquidators have to do an investigation into the directors conduct to see if they should be disqualified. In addition, in the name of transparency, they have a duty to keep the creditors informed of the reasons for failure, and why they are not going to get any return.So, if CVLs offer such low returns to creditors there should be an alternative process that insolvency practitioners should be using and directors should be made aware of!Administrations are costly and mainly for larger businesses.  The alternative is of course the use of more informal deals with creditors such as Time to Pay Arrangements (TTPs) and the use of the Company Voluntary Arrangement (CVAs) insolvency rescue mechanism.  These are harder to implement than simply advising the company to liquidate and of course there must be an underlying profitable business there.  But surely there are companies out there that could pay off some of the debts over a time period of say, 3-5 years.  Even if the CVA or TTP lasts only a year or two it is signicantly better than a CVL that on this research gives Nil return to any creditor!  Remember a CVA doesn't even bind the fixed charge (secured creditor).The number of TTPs are not really recorded as there is no formal insolvency but the number of CVAs are and it is very low at some 15 or 20 a month.As a small firm that does the second highest number of CVAs, after Begbies Traynor who are the largest insolvency firm in the UK, we believe they are ridiculously underused.However using CVAs KSA Group has;Distributed £31m to creditors 2009-2022. This excludes secured debts and secured factoring facilities, much of which have been or will be repaid. Repaid £17.9m to HMRC between 2009 and 2023, remember this for the most part when HMRC was an unsecured creditor (2009-2020). That’s taxpayers money. Saved creditors money. Preserved 320 customers for thousands for suppliers, accountants and professional advisors.Ultimately, the main thing that should come out of this research is that Directors should act early and not bury their heads in the sand.  Also insolvency pratitioners should not be afraid of exploring other options for distressed businesses such as TTPs or CVAs.

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The July monthly insolvency statistics have been released. Here we provide a summary overview. Company Insolvencies The July 2024 company insolvency statistics for England and Wales showed a total of 2,191 insolvencies, a 16% increase compared to July 2023.Creditors’ voluntary liquidations (CVLs) remained the most common, comprising 77% of cases.Compulsory liquidations also saw a rise, reaching their highest level since 2018. Sectors such as construction and retail were notably impacted.Scotland saw a 21% year-on-year increase in insolvencies, while Northern Ireland’s figures remained stable. The overall trend indicates a gradual increase in insolvency cases across the UK.Just 25 companies were rescued by using Company Voluntary Arrangements (CVAs) in July.  This is unfortunate as surely it is possible that some of the 1000s of companies that went insolvent last month some might have been able to survive by using a CVA? CVLs The number of CVLs decreased by 9% from June 2024 but was 15% higher than during the same month last year (July 2023), after seasonal adjustment. Compulsory Liquidations The number of seasonally adjusted compulsory liquidations in July 2024 was the highest monthly number since August 2018, 5% higher than in June 2024 and 27% higher than in July 2023.In 2023, there were 44% more compulsory liquidations than in 2022, but they were still 4% fewer than in 2019 (before to the pandemic). The numbers have risen from the all-time lows observed in 2020 and 2021, when limitations were placed on the use of winding-up petitions and statutory demands, which resulted in compulsory liquidations. Administrations The number of administrations in July 2024 was 10% lower than in June 2024 but 6% higher than in July 2023, after seasonal adjustment.High profile administrations have been few and far between these last few months with Carpetright being the most noteable exception.It does seem that In the 12 months to June 2024 compared to the previous 12-month period, insolvencies increased by the most in the hospitality sector.  The increase was c.15%This is not surprising given that this includes the period of high inflation in the last half of last year.

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The quarterly company insolvency statistics have been released, covering Q4 2023 (October to December). Since this dates the final quarter of the year, an annual summary can be noted: 2023 saw the highest annual number of company insolvencies since 1993. The total of 25,158 registered company insolvencies is broken down into:20,577 Creditors Voluntary Liquidations (increased by 9% from 2022) 2,827 Compulsory Liquidations (increased by 44% from 2022) 1,567 Administrations (increased by 27% from 2022) 185 Company Voluntary Arrangements (increased by 67% from 2022) 2 Receiverships One for every 186 active companies fell into insolvent liquidation in 2023, making the liquidation rate 53.7 per 10,000 active companies. This was an increase compared to 2022s recording. In fact, the rate in 2023 was the highest level since Q3 2014.It should be noted that though levels of each procedure rose compared to 2022, many remained below levels seen pre-pandemic. Taking it back to a quarterly summary: Q4 2023 recorded 6,788 company insolvencies. This splits into 5,578 Creditors Voluntary Liquidations (CVLs), 780 Compulsory Liquidations, 379 Administrations, 50 Company Voluntary Arrangements (CVAs) and 1 Receivership.Overall, the total amount of company insolvencies in Q4 2023 was 9% higher than that in Q3 2023, and 14% higher than in Q4 2022. Looking more historically, this quarter saw the highest quarterly total insolvencies since Q4 2008.Being even more specific, the highest quarterly number of CVLs was recorded since 1960. Compulsory Liquidations increased by 6% compared to Q3 2023 and Q4 2022, but Administrations fell 17% compared to Q3 2023, though still remained higher than levels in 2021 and 2022. CVAs rose by 22% compared to Q3 2023, and was 100% up on Q4 2022 numbers.Between 26 June 2020 and 31 December 2023, 49 companies obtained a moratorium and 22 companies had a restructuring plan registered at Companies House.In terms of liquidation rates, 2023 Q4 had a rate of 53.7 company insolvencies per 10,000 active companies. This was 1.3 higher than in Q3 2023 and 4.1 higher than in Q4 2022.Though company insolvency volumes hit a 30-year high in 2023, the amount of companies on the companies house register has increased over time. This means the 2023 rate remained lower than the peak rate of 94.8 insolvencies per 10,000 active companies during the 2008-09 recession. Company Insolvencies per Industry The five industries which experienced the highest number of insolvencies in 2023 are as follows:Construction (4,371…responsible for 18% of cases with industry captured) Wholesale and retail trade; repair of motor vehicles and motorcycles (3,929…responsible for 16% of cases with industry captured) Accommodation and food service activities (3,727…responsible for 15% of cases with industry captured) Administrative and support service activities (2,299…responsible for 9% of cases with industry captured) Professional, scientific and technical activities (2,001…responsible for 8% of cases with industry captured)Looking into all of the large industries, an increase was noticed in insolvencies registered in 2023 compared to 2022. Company Insolvency in Scotland Scotland recorded 314 total company insolvencies in Q4 2023 – just one more than the same quarter in 2022.Figures are broken down into 196 Company Voluntary Liquidations, 105 Compulsory Liquidations, 12 Administrations and 1 Company Voluntary Arrangement.Historically the volume of company insolvencies registered in Scotland has been driven by compulsory liquidations. However, during the coronavirus pandemic, almost three times as many CVLs as compulsory liquidations were recorded. Through 2023, CVL numbers were more than 1.5 times higher than the amount of compulsory liquidations.Between 26 June 2020 and 31 December 2023, no companies obtained a moratorium but 2 companies did have a restructuring plan registered at Companies House.In terms of liquidation rate for 2023, Scotland’s was 51.6 per 10,000 active companies. This is 5.9 higher than 2022s rate. Company Insolvency in Northern Ireland Northern Ireland recorded 81 total company insolvencies in Q4 2023 – an increase of 62% compared to the same quarter in 2022.Figures are broken down into 28 Company Voluntary Liquidations, 33 Compulsory Liquidations, 7 Administrations and 3 Company Voluntary Arrangements.In terms of liquidation rate for 2023, Northern Ireland’s was 25.5 per 10,000 active companies. This is 1.6 lower than 2022s rate.Please refer to the full report here.

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The monthly insolvency statistics have been released for the month of November 2023. In this article the findings will be explored. Company Insolvencies November 2023 saw 2,466 registered company insolvencies through England and Wales. This is an increase of 21% when compared to the amount registered in the same month of 2022. This is also higher than figures during the pandemic and pre-pandemic.The company insolvencies consisted of:1,962 Creditors Voluntary Liquidations (CVLs) 359 Compulsory Liquidations 133 Administrations 12 Company Voluntary Arrangements (CVAs)There were no receiverships registered.CVLs (23% higher in Nov-23 than Nov-22) and Compulsory Liquidations (22% higher in Nov-23 than Nov-22) appear to be the drivers of the increase in company insolvencies, compared to November 2022. Although CVAs also did see a 20% increase. Administration levels were similar to what it was in November 2022.Between 26 June 2020 and 30 November 2023, 47 moratoriums were obtained in England & Wales, along with 22 companies having a restructuring plan registered at Companies House.Moving on to the statistics for Scotland and November 2023 saw 109 registered company insolvencies. This is made up of 74 CVLs, 30 compulsory liquidations and 5 administrations. No CVAs or receiverships were recorded.Historically, compulsory liquidations have led the way for the company insolvencies in Scotland. But in the first 11 months of 2023 CVL numbers remained more than 1.5 times higher than compulsory liquidation numbers.Between 26 June 2020 and 30 November 2023, no moratoriums were obtained for companies in Scotland. Two companies did register a restructuring plan at Companies House.For Northern Ireland, 26 company insolvencies were registered in November 2023 – this being 30% higher than that in November 2022. Registrations consisted of 13 compulsory liquidations, 6 CVLs, administrations and 2 CVAs. No receiverships were recorded for this period. Individual Insolvencies England and Wales had 8,243 Individual Insolvencies registered in November 2023. This is 21% less than what was registered in November 2022. It is thought that the reason for the decline is the lack of IVAs, as DROs and bankruptcies increased.Delving deeper, the registrations are broken up into:4,292 Individual Voluntary Arrangements (IVAs) – 44% lower than in November 2022 3,290 Debt Relief Orders (DROs) – 45% higher than in November 2022 661 Bankruptcies (split as 522 debtor applications and 139 creditor petitions) – 18% higher than in November 2022.Northern Ireland had 111 Individual Insolvencies registered in November 2023. Numbers are made up of 70 IVAs, 21 DROs and 20 bankruptcies. Total numbers are 24% lower than the same month a year previous. Read the full report here.

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