The number of company insolvencies during October was 2,315 a figure which was 18% higher than in the same month 2022 (1,954 in October 2022).
Latest figures released this morning by the government’s Insolvency Service show that the rise was higher than levels seen while government support measures were in place in response to the Covid 19 Pandemic and also higher than pre-Pandemic numbers.
The company insolvencies recorded for the month included 256 compulsory liquidations, 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment.
Totals for compulsory liquidations, CVLs, CVAs and administrations were all higher than in October 2022.
A spokesman a…
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