Company Insolvency Statistics: April to June 2023
Statistics on new company insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
Documents
Details
Following a consultation in May and June 2023, the Insolvency Service will merge the monthly and quarterly insolvency statistics, with the first release in this new format in either January or April 2024.
-
Between 1 April and 30 June 2023 (Q2 2023), there were 6,342 (seasonally adjusted) registered company insolvencies, comprising 5,240 creditors’ voluntary liquidations (CVLs), 637 compulsory liquidations, 409 administrations and 56 company voluntary arrangements (CVAs). There were no receivership appointments.
-
After seasonal adjustment, the number of company insolvencies in Q2 2023 was the highest since Q2 2009, 9% higher than in Q1 2023 and 13% higher than in Q2 2022. The number of CVLs was the highest quarterly level since the start of the series in 1960. The number of compulsory liquidations also increased, but remained slightly lower than levels seen prior to the coronavirus (COVID-19) pandemic.
-
One in 192 active companies (at a rate of 52.0 per 10,000 active companies) entered insolvent liquidation between 1 April 2022 and 30 June 2023. This was an increase from the 43.9 per 10,000 active companies that entered liquidation in the 12 months ending 30 June 2022.