In the final statistics release of this year, the Insolvency Service confirmed that there were 2,466 registered company insolvencies in November 2023 (the December figures will be released early in 2024). Not only was this 21% higher than in the previous November, but 7% higher than the figures in October 2023.
The company insolvencies in November 2023 included:
- 1,962 creditors’ voluntary liquidations (CVLs)
- 12 company voluntary arrangements (CVAs)
- 359 compulsory liquidations
- 133 administrations
Though the number of CVLs was significantly higher than in 2022, administration figures remained similar to those of…
