Monthly UK insolvency statistics – July 2022

Published: 21/08/2022 By Hannah McCormack

Here is our monthly run down on how many insolvencies took place in July, compared to the same time in previous years:

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

As you can see from the graph below overall numbers of insolvencies are still much higher than before the first lockdown. The graph below shows the data from July 2019 to July 2022 for company insolvencies in England and Wales, as you can see Creditors' Voluntary Liquidations (CVLs) remain the highest they have been in the last 3 years, however, numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the coronavirus pandemic.  


There were 1,827 registered company insolvencies in July 2022 in England & Wales

  • 67% higher than the same month a year ago which was 1096 in July 2021
  • 27% higher than pre-pandemic times, 3 years ago - 1,440 in July 2019 

These figures are made up as follows:

Creditors Voluntary Liquidations = 1,609 (60% - higher than in July 2021)
Compulsory liquidations = 132 (200% - 3 times higher than July 2021 but 47% lower than July 2019)
Administrations = 81 (103% higher than July 2021 but 45% lower than 2019)
Company Voluntary Arrangements = 5 (17% lower than in July 2021 & 87% lower than 2019)
Receivership =0
Moratorium = 39 between June 2020 & July 2022
 

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 below for our insolvency advice pages or give us a call for a more detailed chat:

Company Voluntary Liquidation (CVL)
Compulsory Liquidations or winding up by the court

Company Voluntary Arrangement (CVA)
Company Administration