Company Insolvency Statistics: January to March 2023
Statistics on new company insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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The Insolvency Service is currently seeking views on proposed changes to our Official Statistics publications.
The consultation will be open from 16 May to 30 June 2023.
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Between 1 January and 31 March 2023 (Q1 2023), there were 5,747 (seasonally adjusted) registered company insolvencies, as shown in Figure 1, comprising 4,739 creditors’ voluntary liquidations (CVLs), 652 compulsory liquidations, 318 administrations and 38 company voluntary arrangements (CVAs). There were no receivership appointments.
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After seasonal adjustment, the number of company insolvencies in Q1 2023 was 4% lower than in Q4 2022, but 18% higher than in Q1 2022. The number of CVLs remained close to the highest quarterly level since the start of the series in 1960 (Q2 2022). The number of compulsory liquidations also increased, but remained slightly lower than levels seen prior to the coronavirus (COVID-19) pandemic.
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One in 197 active companies (at a rate of 50.8 per 10,000 active companies) entered insolvent liquidation between 1 April 2022 and 31 March 2023. This was an increase from the 38.9 per 10,000 active companies that entered liquidation in the 12 months ending 31 March 2022.
Last updated 17 May 2023 + show all updates
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Information added about an open consultation relating to proposed changes to this statistics publication
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First published.