Company insolvencies increase to the highest level since 2014
According to official Government statistics released on 29th January 2019 the underlying number of company insolvencies in England and Wales increased in 2018 to the highest level since 2014.
Excluding bulk insolvencies, there were 16,090 insolvencies in 2018, a 10.0% increase on 2017.
CVL’s remained the most common form of company insolvency but all types increased in 2018 compared with 2017, except administrative receivership.
In the 12 months ended 2018, one in 221 (0.45%) of all active companies entered liquidation.
The construction industry had the highest number of insolvencies in the 12 months ended 2018, followed by the wholesale and retail trade & repair of vehicles industrial groupings.