The second monthly insolvency statistics have been released for 2024, focusing on February. Here we provide a detailed overview.
Company Insolvencies
February 2024 saw 2,102 registered company insolvencies through England and Wales. This is an increase of 17% when compared to the amount registered in the same month of 2023. It is also higher compared to January 2024 figures and that when Government support measures were in place in response to the COVID-19 pandemic.
The company insolvencies for February 2024 consisted of:
- 1,707 Creditors Voluntary Liquidations (CVLs) 12% higher than in February 2023
- 217 Compulsory Liquidations 35% higher than in February 2023
- 166 Administrations 54% higher than in February 2023
- 12 Company Voluntary A…
Read the full article at: https://www.companyrescue.co.uk/guides-knowledge/news/monthly-insolvency-statistics-february-2024/