1. Main messages for England and Wales
Annual summary for 2024
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In 2024, there were 23,872 registered company insolvencies comprising
18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory
liquidations, 1,597 administrations, 202 company voluntary
arrangements (CVAs) and three receivership appointments. The total
number of company insolvencies in 2024 was 5% lower than in 2023,
which saw the highest annual number since 1993. -
The change in total company insolvency numbers in 2024 was mostly
driven by CVLs, which were 8% lower than the record high numbers seen
in 2023. The number of compulsory liquidations increased by 14% from
2023 and was at the highest level since 2014. Administrations (up 2%)
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