September 2022 Insolvency Statistics 

Latest Company Insolvency Statitics for England and Wales show an increase when compared to previous year.

Despite the public and media perception, corporate insolvencies are England and Wales have not increased at the rate first thought.

Many directors remain concerned about the impact of Bounce Back Loans corning potential fraudulent claims and its use.

Perhaps recent events in inflation, fluctuations with the pound and increases in interest rates will leverage companies into insolvency.

In September 2022, 1,679 limited companies commenced insolvencies in England and Wales.

Compared with September 2021, company insolvencies in September 2022 were 11% higher than September 2019 (pre-pandemic) and 16% higher than insolvencies recorded in September 2021.

In September 2022:

  • CVLs were 4% higher than in September 2021 and 25% higher than in September 2019.
  • Compulsory liquidations were 538% higher than in September 2021 but 10% lower than in September 2019
  • CVAs were 8% lower than in September 2021 and 50% lower than in September 2019.
  • Administrations were 5% higher than in September 2021 but 47% lower than in September 2019*

Between June 26th 2020, and September 30th, 2022, 40 companies obtained a moratorium, and 12 registered a restructuring plan at Companies House – two new procedures created by the Corporate Insolvency and Governance Act 2020.

*Sources The Gazette & The Insolvency Service

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