Monthly UK insolvency statistics – December 2022

Published: 23/01/2023 By Hannah McCormack

The last of the statistics from 2022, as usual we compare these insolvency stats to the same month in previous years in order to give you an idea of how things have changed in the insolvency world since before and after the pandemic:

All the data is taken from the monthly stats created by the insolvency service.

As you can see from the graph below which starts from December 2019 when the numbers of insolvencies was just over a thousand, we now see that has significantly increased and has more recently topped the 2000 mark. It is clear from the graph that in 2022 numbers of insolvencies have increased by approximately 500 compared to the end of 2021. This will likely be due to current tough trading conditions and high inflation that business owners are having to deal with.

There were 1,964 registered company insolvencies in December 2022 in England & Wales

  • 32% higher than in the same month a year ago (1,489 in December 2021)
  • 76% higher than the number registered three years previously (pre-pandemic; 1,119 in December 2019)
  • 3% lower than last month - 2,029 in November 2022

These figures are made up as follows: 
Creditors Voluntary Liquidations = 1,659 (22% - higher than in December 2021 and 111% higher than in December 2019)

Compulsory liquidations = 183 (259% - 3.6 times higher than December 2021 and 8% higher than December 2019)

Administrations = 112 (56% higher than December 2021 but 20% lower than December 2019)

Company Voluntary Arrangements = 10 (same as November 2022, but 43% higher than December 2021 and 52% lower than November 2019)

Receivership = 0

Moratorium = the number remains at 40 between June 2020 & December 2022

If you have noticed that your business has cash flow issues and maybe struggling financially, don't panic, there are options to try before an official insolvency procedure is needed BUT you need to act now! We are rescue and recovery specialists, we thrive on business turnaround and are only a phone call away to getting your business back on track.

Could a Moratorium give you the necessary breathing space to save your business?  Find out  here.   

Want to know more about each Insolvency Procedure listed above? click each link above for our insolvency advice pages or give us a call for a more detailed chat, call 020 8661 7878 or email