Published: 17/08/2021 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 we recover from the reprocussions of COVID-19.
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 similar levels to pre-pandemic times.
England and Wales, July 2019 to July 2021, Not seasonally adjusted
There were 1,094 registered company insolvencies registered in July 2021 in England & Wales.
- 13% higher than the number registered in the same month in the previous year (965 in July 2020), but
- 24% lower than the number registered two years previously (1,442 in July 2019).
These figures are made up as follows:
Creditors Voluntary Liquidations = 1,007 (70% higher than July 2020 but the same as in July 2019)
Compulsory liquidations = 41 (77% lower than 2020 and 84% lower than 2019)
Administrations = 40 (78% lower than 2020 and 73% lower than 2019)
Company Voluntary Arrangements = 6 (65% lower than 2020 and 85% 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 - click each link below:
Company Voluntary Liquidation (CVL)
Compulsory Liquidations or winding up by the court
Company Voluntary Arrangement (CVA)