The monthly insolvency statistics have been released for the month of December 2023. This article explores the findings.
Company Insolvencies
December 2023 saw 2,002 registered company insolvencies through England and Wales. This is an increase of 2% when compared to the amount registered in the same month of 2022. This is also higher than figures during the pandemic and pre-pandemic. Compared to November 2023 figures it is a slight drop.
The company insolvencies consisted of:
- 1,731 Creditors Voluntary Liquidations (CVLs)
- 153 Compulsory Liquidations
- 103 Administrations
- 15 Company Voluntary Arrangements (CVAs)
There were no receiverships registered.
CVLs (5% higher than in Dec-22) and CVAs (50% higher than in Dec-22) appear to be the dr…
Read the full article at: https://www.companyrescue.co.uk/guides-knowledge/news/monthly-insolvency-statistics-december-2023/