There were 1,248 Creditors’ Voluntary Liquidations (CVLs) in England and Wales in October 2021, according to the Insolvency Service’s latest monthly insolvency statistics.
There was also a 63% increase in the number of registered company insolvencies when compared to the same month the previous year, going up from 864 to 1,405.
Russell-Cooke restructuring and insolvency expert comments in Credit Strategy's TRI that these statistics are not surprising considering the Government's withdrawal of vital business support that kept many business afloat during the pandemic.
63% increase in registered company insolvencies is available to read on the Credit Strategy website via subscription.
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