Insolvency Results To Year 2022 Summary
The insolvency results for the year 2022 show that total company insolvencies are reasonably stable having increased from around 1,500 in February to now settling at around 2,000 a month.
Consistent with this pattern the number of Creditors Voluntary Liquidations (averaging at 85% of company insolvencies during 2022) have settled at around 1,600 towards the end of the year.
Administrations Insolvency Results During 2022
For the year 2022 Administrations exist but their numbers have been running at typically 100-120 cases a month.
Company Voluntary Arrangements During 2002
The number of Company Voluntary Arrangements are still so low that referring to them appears otiose.
Company Insolvencies By Industry Sector
It can be seen that company insolvencies by industry sector are still dominated by construction.
Bankruptcies During 2022
The number of bankruptcies has been reasonably stable each month at around 500-600 cases a month during 2022.
Individual Voluntary Arrangements In 2022
The number of Individual Voluntary Arrangements during 2022 was perhaps the insolvency procedure that was the most volatile ranging from around 6,000 to 8,000 a month.
Debt Relief Orders In 2022
The number of Debt Relief Orders in 2022 was reasonably stable varying between around 1,800 a month to 2,500.
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Disclaimer: Insolvency Results For The Year 2022
This page is not legal advice and should not be relied upon as such. This article is provided for information purposes only. You can contact us on the specific facts of your case to obtain relevant advice via a Free Initial Consultation.
The source of the data in this post is Monthly Insolvency Statistics, December 2022.
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