Registered company insolvencies across England and Wales spiked 71% year-on-year to 1,348 in August 2021.
The figure, which was slightly below August 2019s 1,366 insolvencies, consisted of 1,256 CVLs, 35 compulsory liquidations, two CVAs, and 55 administrations.
This represented a year-on-year climb of over 50% for both CVLs and compulsory liquidations, while administrations and CVAs fell by 50% and 87% respectively when compared to August 2020.
As for Scotland and Ireland, which operate under partly devolved legislation, registered company insolvencies roughly doubled to 89 and nine respectively.
While Northern Ireland followed a similar pattern of remaining below August 2019s insolvency levels, company insolven…
Read the full article at: https://www.accountancytoday.co.uk/2021/09/21/company-insolvencies-jump-71-in-august/