Company Insolvency Statistics: January to March 2022
Statistics on new company insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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Between 1 January and 31 March 2022 (Q1 2022), there were 4,896 (seasonally adjusted) registered company insolvencies, comprising 4,274 creditors’ voluntary liquidations (CVLs), 331 compulsory liquidations, 266 administrations, and 25 company voluntary arrangements (CVAs). There were no receivership appointments.
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After seasonal adjustment, the number of company insolvencies in Q1 2022 was 6% higher than in Q4 2021 and more than double the number (112% higher) in Q1 2021. The number of CVLs increased to the highest quarterly level since the start of the series in 1960. The number of compulsory liquidations also increased, but remained lower than levels seen before the coronavirus (COVID-19) pandemic.
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One in 257 active companies (at a rate of 38.9 per 10,000 active companies) entered liquidation between 1 April 2021 and 31 March 2022. This was an increase from the 25.5 per 10,000 active companies that entered liquidation in the 12 months ending 31 March 2021.