The number of registered company insolvencies in April 2023 was 1,685 15% lower than the number in April 2022 The decrease in company insolvencies compared to the same month last year was driven by a decrease in the number of CVLs,...
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The number of registered company insolvencies in March 2023 was 2,457, 16% higher than in the same month in the previous year (2,120 in March 2022) There were 288 compulsory liquidations in March 2023, which is more than twice the number...
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Corporate insolvencies are 33% higher than pre-pandemic levels. The number of registered company insolvencies in February 2023 was 1,783: 17% higher than in the same month in the previous year (1,518 in February 2022), and 33% higher than...
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Corporate insolvencies are rising steadily The number of registered company insolvencies in January 2023 was 1,671: 7% higher than in the same month in the previous year (1,567 in January 2022), and 11% higher than the number registered...
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High corporate insolvencies are driven by an increasing number of CVLs and Compulsory Liquidations Compulsory liquidations have increased by 259% as HMRC are reverting to pre-pandemic practices, whilst bankruptcy figures remain relatively low as...
Read more...High corporate insolvencies are driven by an increasing number of CVLs and Compulsory Liquidations The number of registered company insolvencies in November 2022 was 2,029: 21% higher than in the same month in the previous year (1,676 in...
Read more...Corporate insolvencies have risen by over 15% since last month and personal insolvencies are up by nearly 5% The number of registered company insolvencies in October 2022 was 1,948: 38% higher than in the same month in the previous year...
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Budget 2020 confirmed a number of measures affecting small business including: The date from which HMRC will regain its secondary preferential creditor status for insolvencies has been extended to 1 December 2020 (as opposed to 6 April 2020)....
Read more...An alternative to Bankruptcy is an Individual Voluntary Arrangement (IVA) which is a legally binding agreement between a debtor and his/her creditors whereby the debtor repays all or part of their debt over a fixed period of time. A debtor may make...
Read more...A Bankruptcy Order is made by the Court either on the application of a creditor who is owed over £750 or a debtor personally. The process of requesting the Court to make someone bankrupt is referred to as petitioning the Court for a Bankruptcy...
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