Business: Insolvency

(asked on 15th January 2025) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what data his Department holds on the number of voluntary business liquidations that have taken place each month of the last five years.


Answered by
Justin Madders Portrait
Justin Madders
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 20th January 2025

Voluntary liquidations consist of creditors’ voluntary liquidations (CVLs) and members’ voluntary liquidations (MVLs).

Tables 1 to 3 show monthly numbers of CVLs, based on Insolvency Service official statistics at Company insolvencies, November 2024 - GOV.UK.

Table 4 shows numbers of MVLs, based on Companies House official statistics at Incorporated companies in the UK July to September 2024 - GOV.UK. MVL data is not published on a monthly basis.

Table 1: Creditors’ voluntary liquidations by month, England & Wales

2019

2020

2021

2022

2023

2024

January

1,225

1,054

663

1,383

1,402

1,309

February

852

991

638

1,351

1,539

1,726

March

1,182

934

945

1,859

2,036

1,452

April

1,045

973

847

1,810

1,371

1,853

May

995

854

974

1,605

2,191

1,626

June

1,058

593

1,164

1,472

1,773

1,906

July

1,043

631

1,029

1,629

1,344

1,662

August

1,007

628

1,302

1,683

1,905

1,555

September

1,148

777

1,372

1,400

1,588

1,441

October

1,108

719

1,275

1,608

1,910

1,514

November

1,100

814

1,542

1,610

1,983

1,631

December

823

1,085

1,383

1,676

1,749

[x]

Source: Companies House. [x] indicates not yet available

Table 2: Creditors’ voluntary liquidations by month, Scotland

2019

2020

2021

2022

2023

2024

January

25

21

15

35

54

47

February

23

36

16

61

63

58

March

22

21

29

71

62

64

April

31

26

29

73

64

59

May

24

17

38

70

57

72

June

22

20

61

66

74

60

July

39

28

55

55

51

77

August

27

21

76

66

72

57

September

28

25

53

74

53

48

October

20

27

54

56

59

51

November

24

27

77

73

74

56

December

36

26

75

85

66

[x]

Source: Companies House. [x] indicates not yet available

Table 3: Creditors’ voluntary liquidations by month, Northern Ireland

2019

2020

2021

2022

2023

2024

January

8

3

1

12

11

17

February

10

6

5

4

10

10

March

7

11

5

13

9

15

April

10

2

2

4

5

12

May

4

3

6

17

8

20

June

7

8

9

13

11

7

July

7

8

12

10

8

11

August

17

2

8

10

6

9

September

7

8

9

18

9

10

October

7

7

12

13

12

14

November

6

8

6

16

10

10

December

9

6

0

11

16

[x]

Table 4: Members’ voluntary liquidations by financial year, United Kingdom

Financial Year

Members' voluntary liquidations

2023/24

11,507

2022/23

14,929

2021/22

11,824

2020/21

10,249

2019/20

9,240

Reticulating Splines