Published: 19/07/2021 By Jane PriceThe following figures are part of a monthly series published by the Insolvency Services to supplement quarterly National Statistics, with the aim of providing more up to date information as COVID-19 continues.
Figure 1: Overall, since the start of the first UK lockdown the number of registered company insolvencies have remained lower than pre-pandemic levels, due to the lower number of compulsory liquidations however CVL's are now reaching similar levels to pre-pandemic times.
England and Wales, June 2019 to June 2021, Not seasonally adjusted
There were 1,207 registered company insolvencies registered in June 2021 in England & Wales.
- 63% higher than the number registered in the same month in the previous year (741 in June 2020), and
- 18% lower than the number registered two years previously (1,466 in June 2019).
These figures are made up as follows:
Creditors Voluntary Liquidations = 1,116 (similar to pre-pandemic levels twice the amount in June 2020 and 11% higher than June 2019)
Compulsory liquidations = 38 (46% lower than 2020 and 86% lower than 2019)
Administrations = 39 (61% lower than 2020 and 74% lower than 2019)
Company Voluntary Arrangements = 14 (same as June 2020 but 60% lower than 2019)
Detailed figures and information of monthly company insolvency data for England & Wales can be found at the Insolvency Service here
Could a Moratorium give you the necessary breathing space to save your business? Find out here.
Insolvency Procedures explained?
Company Voluntary Liquidation (CVL)
Compulsory Liquidations or winding up by the court
Company Voluntary Arrangement (CVA)