Company Insolvency Statistics, April 2024
Monthly company insolvency statistics for England and Wales, as well as Scotland and Northern Ireland.
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This publication relates to company insolvency only. Statistics relating to individual insolvency can be found on the individual insolvency releases page.
Main messages for England and Wales
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After seasonal adjustment, the number of registered company insolvencies in England and Wales in April 2024 was 2,177, 18% higher than in March 2024 (1,838) and 18% higher than the same month in the previous year (1,838 in April 2023). Numbers of company insolvencies also remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.
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Company insolvencies in April 2024 consisted of 300 compulsory liquidations, 1,715 creditors’ voluntary liquidations (CVLs), 144 administrations and 18 company voluntary arrangements (CVAs). Numbers of all types of company insolvency were higher than in both April 2023 and March 2024.
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One in 175 companies on the Companies House effective register (at a rate of 57.0 per 10,000 companies) entered insolvency between 1 May 2023 and 30 April 2024. This was an increase from the 52.6 per 10,000 companies that entered insolvency in the 12 months ending 30 April 2023. These 12-month rolling rates are calculated as a proportion of the total number of companies on the effective register to show longer term trends and reduce the volatility that would be associated with estimates based on single months.
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While the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period.