New figures released today by the government’s Insolvency Service (IS) reveal how almost 2,000 firms could no longer balance their books in November 2024 – a 13% rise on trends just a month before.
After seasonal adjustment, the month’s tally of registered company insolvencies in England and Wales stood at 1,966 in November 2024, which was 13% higher than in October 2024 (1,743) albeit 12% lower than the same month in the previous year (2,243 in November 2023).
A statement from the IS said: “The number of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.
“Company insolvencies in November 2024 consisted of 254 compulsory liquidations, 1,565 creditors’ voluntary…
