Latest figures from the Insolvency Service have shown that the number of business insolvencies in England & Wales increased by 16% in September when compared to the same month in the previous year (1,453 in September 2021), and 11% higher than the number registered three years previously (pre-pandemic; 1,508 in September 2019).
In September 2022 there was a total of 1,679 company insolvencies in England and Wales, which included:
The 1,379 Creditors’ Voluntary Liquidations (CVLs) was 4% higher than in September 2021 and 25% higher than September 2019.
204 were compulsory liquidations, which is 538% (6.4 times) higher than September 2021, but 10% lower than September 2019, 11 were CVAs, which is 8% lower than September 2021 and 50% lower than September 2019.
85 administrations were recorded, which is 5% higher than September 2021 but 47% lower than September 2019; and there were no receivership appointments
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COLLECTION HOUSE is a registered trade mark of Collection House Limited - Co Reg: 04110830
Current MCICM members at Collection House Ltd
CSA Membership Number 1278
Richard Matthews MCICM:
5010602 (Fully Qualified)
John Matthews MCICM:
6021838 (Fully Qualified)
Louise Tan MCICM:
6024713 (Fully Qualified)
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Collection House Ltd, The Longbarn, Paxcroft Courtyard, Trowbridge, Wiltshire, BA14 6JB