Company insolvencies across England and Wales were up 10% between 1 July and 30 September 2023 compared to the same period last year, according to official statistics.
The Insolvency Service reported 6,208 registered company insolvencies in Q3 2023 from 5,635 in Q3 2022, comprising 4,965 creditors voluntary liquidations (CVLs), 735 compulsory liquidations, 466 administrations, 41 company voluntary arrangements (CVAs) and one receivership appointment.
The Q3 2023 figure was 2% lower than the previous quarter with 6,319 company insolvencies. The last two quarters saw the highest quarterly insolvency numbers since Q2 2009 and the highest numbers of CVLs since records began in 1960.
Jonathan Andrew, Global CEO of Bibby Financial Services s…
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