Monthly UK insolvency statistics – October 2022

Published: 15/11/2022 By Hannah McCormack

Bringing you the monthly run down on how many insolvencies took place in October, we compare this to the same month in previous years in order to give you an idea of how things have changed in the insolvency world since before and after the pandemic:

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

As you can see from the graph below numbers of insolvencies were going down in September but have spiked again this month. However, the overall numbers of insolvencies are still higher than before the first lockdown.

There were 1,948 registered company insolvencies in October 2022 in England & Wales

  • 38% higher than in the same month a year ago (1,410 in October 2021)
  • 32% higher than the number registered three years previously (pre-pandemic; 1,477 in October 2019)
  • 16% higher than last month - 1,679 in September 2022

These figures are made up as follows: 
Creditors Voluntary Liquidations = 1,594 (28% - higher than in October 2021 and 53% higher than in October 2019)

Compulsory liquidations = 242 (357% - 4.6 times higher than October 2021 and 2% higher than October 2019)

Administrations = 107 (13% higher than October 2021 but 33% lower than October 2019)

Company Voluntary Arrangements = 5 (69% - lower than in October 2021 and 86% lower than October 2019)

Receivership = 0

Moratorium = 40 between June 2020 & October 2022

If you have noticed that your business has started to have cash flow issues and is maybe struggling financially, don't panic, there are options to try before an official insolvency procedure is needed BUT you need to 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.

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 above for our insolvency advice pages or give us a call for a more detailed chat, call 020 8661 7878 or email