The November 2024 company insolvency stats for England and Wales have been published by The Insolvency Service, together with related figures for Scotland and Northern Ireland.

Company insolvency statistics for England and Wales – November 2024

After seasonal adjustment there were 1,966 company insolvencies in November 2024. This was 10% higher than in October 2024 and 12% lower than the number in November 2023.

In November 2024 there were:

• 1,565 creditors’ voluntary liquidations (CVLs)
• 254 compulsory liquidations
• 132 administrations
• 14 company voluntary arrangements (CVAs)
• 1 receivership

CVLs

In November 2024, CVLs accounted for 80% of all company insolvencies. The number of CVLs was 8% higher than October 2024 and 15% lower than November 2023, after seasonal adjustment.

Compulsory liquidations

The number of compulsory liquidations was 37% higher than in October 2024 and 6% lower than in November 2023 after seasonally adjustment.

Administrations

The number of administrations was 36% higher than in October 2024 and 12% higher than in November 2023 after seasonally adjustment.

CVAs

The number of CVAs was 17% higher than in October 2024 and 17% higher than in November 2023 after seasonally adjustment.

Receivership appointments

There was one receivership appointments in November 2024. Receivership appointments are now rare - there were three in the past 12 months ending November 2024.

Insolvency rate statistics for England and Wales – November 2024

The company liquidation rate in the 12 months to November 2024 was 52.9 per 10,000 companies on the effective register in England and Wales. This corresponds to 1 in 189 companies entering insolvency.

Company insolvencies by industry in England and Wales – November 2024

The three industries (in accordance with SIC 2007) that experienced the highest number of insolvencies in the 12 months to October 2024 were:

• construction (4,208 insolvencies, 17% of cases with industry captured)
• wholesale and retail trade; repair of motor vehicles and motorcycles (3,710 insolvencies, 15% of cases with industry captured)
• accommodation and food service activities (3,602 insolvencies, 15% of cases with industry captured)

Company insolvency statistics for Scotland – November 2023

The Accountant in Bankruptcy (AiB), Scotland’s Insolvency Service, administers company insolvency in Scotland.

In November 2024 there were 114 company insolvencies, which was 5% higher than the number in November 2023. Of the total company insolvencies in Scotland, there were:

• 55 CVLs
• 54 compulsory liquidations
• 5 administrations
• 0 receivership appointments
• 0 CVAs

Historically, compulsory liquidations were the most common type of company insolvency in Scotland. However, since November 2020, numbers of CVLs have remained higher than numbers of compulsory liquidations.

Company insolvency statistics for Northern Ireland – November 2023

In November 2024 there were 16 company insolvencies in Northern Ireland, 47% lower than in November 2023. Of the total company insolvencies, there were:

• 3 compulsory liquidations
• 10 CVLs
• 2 CVAs
• 1 administration
• 0 administrative receiverships

Please note, the figures for Northern Ireland are not seasonally-adjusted.

Where can I see insolvency notices in The Gazette?

The Gazette is the primary source of both corporate insolvency and personal insolvency information in the UK and publishes this information in the form of insolvency notices, allowing transparency for the public, the credit industry and concerned individuals to quantify risk and inform creditors. You can view all corporate and personal insolvency notices on The Gazette website.

The Gazette also provides a Data Service which provides timely official company, insolvency and deceased estates information to aid data driven decision-making. As the UK’s official public record, our authorised data can help your business with:

• KYC/due diligence
• risk management
• regulatory compliance
• business development
• business intelligence and strategy

For more information on The Gazette Data Service, contact the team on 01603 985949, email data@thegazette.co.uk or click on the link below.

Enquire now

Next insolvency statistics release

Figures for December 2024 will be released on 21 January 2025.

See also

Individual insolvency statistics – November 2024

Company insolvency statistics - October 2024

Find out more

Company Insolvency Statistics November 2024 (GOV.UK)

The Insolvency Service (GOV.UK)

Accountant in Bankruptcy (AiB)

Images

Getty Images

Publication date

6 January 2025