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Monthly UK insolvency statistics – February 2021

Published: 18/03/2021 By Jane Price

The 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 on insolvencies as COVID-19 continues.

There were 686 registered company insolvencies registered in February 2021

These figures are made up as follows:
Company Voluntary Liquidations = 591 (down 38% compared to the same period last year)
Compulsory liquidations = 33 (down 86% compared to the same period last year)
Administrations = 56 (down 62% compared to the same period last year)
Company Voluntary Arrangements = 6 (68% fewer CVA’s compared to the same period last year)

Detailed figures and information of monthly company insolvency data for England & Wales can be found at the Insolvency Service here.

It is believed that the overall reduction in company insolvencies is likely to be in part driven by the range of government support put in place to financially support companies in response to the coronavirus (COVID 19) pandemic.

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