Corporate insolvencies in the UK increased by 13% in November 2024 from the previous month, according to the latest data from the Insolvency Service.
The total number of corporate insolvencies stood at 1,966 compared to October’s total of 1,743 and was 12% lower than November 2023’s figure of 2,243.
Company insolvencies in November 2024 consisted of 254 compulsory liquidations, 1,565 creditors’ voluntary liquidations (CVLs), 132 administrations and 14 company voluntary arrangements (CVAs). All types of company insolvency – apart from receivership appointments, which are now rare – were higher than in October 2024.
Personal insolvencies increased by 12.2% in November 2024 to a total of 10,012 compared to…
