The following graphs show the numbers of notices of appointment published in the Gazette on a weekly basis. Therefore, they likely lag a week or so behind the actual dates of appointment. The graphs are updated each week.
The figures for voluntary dissolution applications (i.e. those initiated by the company) have been drawn from the Office for National Statistics. Liquidations pale into insignificance against this population: over the past 12 months, there were over 300,000 voluntary dissolution applications but only c.35,000 liquidations (all types).
CVLs have always been the most popular insolvency process, but they are far more dominant now than they were just before the pandemic: the number of CVLs in Feb 2024 was 50% larger than the number in Feb 2020 (i.e. based on the number of Gazette notices in that month). Compulsories have picked up as well: the number in Feb 2024 was 33% higher than in Feb 2020. However, ADM numbers have changed little: they were only 9% higher in Feb 2024 than in Feb 2020.
The following are the changes over Q1 2024 compared with Q1 2023:
- CVLs: 4% lower in Q1 2024
- MVLs: 23% lower
- ADMs: 35% higher
- WUCs: 42% higher
- BKYs: 18% higher
The Insolvency Service’s monthly figures are at www.gov.uk/government/collections/monthly-insolvency-statistics