Company Insolvency Statistics October 2024
- After seasonal adjustment, the number of registered company insolvencies in England and Wales was 1,747 in October 2024, 10% lower than in September 2024 (1,950) and 24% lower than the same month in the previous year (2,293 in October 2023). However, the number of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.
- Company insolvencies in October 2024 consisted of 188 compulsory liquidations, 1,445 creditors’ voluntary liquidations (CVLs), 100 administrations and 12 company voluntary arrangements (CVAs). All types of company insolvency – apart from receivership appointments, which are now rare – were lower than in September 2024.
- One in 186 companies on the Companies House effective register (at a rate of 53.8 per 10,000 companies) entered insolvency between 1 November 2023 and 31 October 2024. This was a decrease from the 56.5 per 10,000 companies that entered insolvency in the 12 months ending 31 October 2023. Insolvency rates are calculated on a 12-month rolling basis as a proportion of the total number of companies on the effective register. The 12-month rolling rates show longer term trends and reduce the volatility associated with estimates based on single months.
- While the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period.
https://www.gov.uk/government/statistics/company-insolvencies-october-2024/commentary-company-insolvency-statistics-october-2024
