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January 2024 Insolvency Statistics

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There were 1769 company insolvencies registered for January 2024, reported by the Insolvency Service. 

Made up by:

339 compulsory liquidations

1294 creditors voluntary liquidations

120 administrations 

16 CVA’s

Compared to January 2023, there has been a 5% increase in company insolvencies in January 2024.

A proactive approach to credit management will help to support businesses through what is expected to be a difficult first quarter of 2024. 

Understanding what credit management information, tools and services are available to your business will help you to achieve your business financial goals.