The first monthly insolvency statistics have been released for 2024, focusing on January. Here we provide a detailed overview.
Company Insolvencies
January 2024 saw 1,769 registered company insolvencies through England and Wales. This is an increase of 5% when compared to the amount registered in the same month of 2023. Compared to December 2023 figures it is a slight drop.
The company insolvencies consisted of:
- 1,294 Creditors Voluntary Liquidations (CVLs) 6% lower than in January 2023
- 339 Compulsory Liquidations 66% higher than in January 2023
- 120 Administrations 40% higher than in January 2023
- 16 Company Voluntary Arrangements (CVAs) 14% higher than in January 2023
There were no receiverships registered.
A higher number of Compu…
Read the full article at: https://www.companyrescue.co.uk/guides-knowledge/news/monthly-insolvency-statistics-january-2024/