Written ByRobert Moore
Marketing Manager
Rob has over a decade of experience in web and general marketing. He has extensive knowledge of the Insolvency sector and has helped many worried directors with their questions.
Rob is now working with the Board at KSA Group Ltd to develop strategic marketing programmes to support the business plan and drive more company rescues.
The September monthly insolvency statistics have been released.
Statistics report that in September 2024 there was a total of 1,973 registered company insolvencies in England and Wales, a 7% decrease compared to September 2023, yet a 2% increase compared to August 2024.
Administrations and CVLs saw an increase compared to last month, but for CVAs and Compulsory Liquidatio there was a decrese.
Overall, creditors’ voluntary liquidations (CVLs) remained the most common tool used, comprising 80% of cases.
No moratoriums or restructuring plans were registered at Companies House through September 2024.
In the 12 months to date, the company liquidation rates was 55 per 10,000 companies on the effective register in England and Wales. This relates to 1 in 182 companies entering insolvency. This rate has remained pretty stable when comparing to the last few months.
When exploring company insolvencies by industry, the majority of industries saw an increase in company insolvencies in the 12 months to 31 August 2024. Notable changes are for Accommodation and Food Service and Information Technology.
Scotland and Northern Ireland both saw a decrease in insolvencies in September 2024, being 16% and 24% respectively, compared to September 2023.
Find the full release here.
Monthly Insolvency Statistics: October 2024
Monthly Insolvency Statistics: October 2024Monthly Insolvency Statistics: August 2024
Monthly Insolvency Statistics: August 2024Monthly Insolvency Statistics July 2024
Monthly Insolvency Statistics July 2024