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Main messages for England and Wales

• After seasonal adjustment, the number of registered company insolvencies in England and Wales in July 2024 was 2,191, 7% lower than in June 2024 (2,363) but 16% higher than the same month in the previous year (1,890 in July 2023). »Ê¹ÚÌåÓýapp number of company insolvencies remained much higher than those seen both during the COVID-19 pandemic and between 2014 and 2019.

• Company insolvencies in July 2024 consisted of 320 compulsory liquidations, the highest monthly number since before the COVID-19 pandemic, 1,691 creditorsâ€� voluntary liquidations (CVLs), 155 administrations and 25 company voluntary arrangements (CVAs). All types of company insolvency were higher than in July 2023.

• One in 177 companies on the Companies House effective register (at a rate of 56.6 per 10,000 companies) entered insolvency between 1 August 2023 and 31 July 2024. This was an increase from the 54.7 per 10,000 companies that entered insolvency in the 12 months ending 31 July 2023. »Ê¹ÚÌåÓýappse rates are calculated on a 12-month rolling basis as a proportion of the total number of companies on the effective register. »Ê¹ÚÌåÓýapp 12-month rolling rates show longer term trends and reduce the volatility associated with estimates based on single months.

• While the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period.