Insolvency statistics – December 2023

Published: 22/01/2024 By Hannah Duncan

Here are the last stats for 2023!

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

The graph below shows the total number of company insolvencies each month since December 2019 and is split by the type of insolvency.

We end the year on a dip in the total number of company insolvencies with over 400 less than November, however, there is still a gradual, overall upwards trend in the total number of insolvencies since the start of 2021.

There were 2,002 registered company insolvencies in December 2023 in England & Wales

  • 2% higher than December last year (1,965 in December 2022)
  • 464 less cases than last month (2,466 in November 2023) 

These figures are made up as follows: 

Creditors Voluntary Liquidations - CVLs  = 1,731 - 5% higher than December 2022

Compulsory liquidations = 153 - 18% lower than in December 2022

Administrations = 103 - 8% lower than December 2022

Company Voluntary Arrangements - CVA's  = 15 - 50% higher than December 2022

Receivership =0

Moratorium = 49 between 26th June 2020 & 31st December 2023
If you have noticed that your business has cash flow issues and is struggling financially, don't panic, there are options to try before an official insolvency procedure is needed BUT you must 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. Read our blog on 6 reasons why you should take early advice from an IP

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? Please 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 we offer a free no obligation initial meeting. 

Or take our Insolvency Test