Published: 19/04/2021 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 COVID-19 continues.
Figure 1: Overall, numbers of registered company insolvencies have remained lower than pre-pandemic levels since the start of the first UK lockdown in March 2020.
England and Wales, March 2019 to March 2021 - not seasonally adjusted:
There were 992 registered company insolvencies registered in March 2021
- 20% lower than the number registered in the same month in the previous year (1,236 in March 2020), and
- 37% lower than the number registered two years previously (1,586 in March 2019).
These figures are made up as follows:
Company Voluntary Liquidations = 883 (3% lower than 2020 and 23% lower than 2019)
Compulsory liquidations = 25 (86% lower than 2020 and 90% lower than 2019)
Administrations = 74 (44% lower than 2020 and 58% lower than 2019)
Company Voluntary Arrangements = 10 (44% lower than 2020 and 66% 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?
Company Voluntary Liquidation (CVL)
Compulsory Liquidations or winding up by the court
Company Voluntary Arrangement (CVA)