This is up 71% when compared to the 788 figure reported in August 2020 though it is similar to the 1,366 registered in August 2019.
As for creditors voluntary liquidations (CVLs), there were 1,256 handed in August 2021 – which is the highest level seen in the series since January 2019. The number of registered company insolvencies were also similar to pre-pandemic levels, driven by a higher number of CVLs – although other types of company insolvencies remained lower.
For individuals, 614 bankruptcies were registered in August 2021 – this was 22% lower than in August 2020 and 54% lower than August 2019. However, the 1,714 debt relief orders (DROs) registered were 29% higher than in August 2020 but remained lower than pre-pandemic levels….
Read the full article at: https://www.creditstrategy.co.uk/turnaround-restructuring-insolvency-news/turnaround-restructuring-and-insolvency-news/company-insolvencies-up-71
