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UK Insolvency Insights: December 2024
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December 2024 Insights
In December 2024, registered company insolvencies reached 1,838, marking a 6% decrease from November 2024 but a 14% drop compared to December 2023. The composition of insolvencies in November included:
- 273 compulsory liquidations (up from November 2024),
- 1,421 creditors’ voluntary liquidations (CVLs),
- 127 administrations, and
- 17 company voluntary arrangements (CVAs).
Key Trends:
- Compulsory liquidations showed an increase, continuing a broader trend in 2024 of rising use of this mechanism.
- CVLs, while remaining the most prevalent insolvency type, experienced a slight decline compared to November.
- Administrations and CVAs remained relatively steady, with a marginal increase in CVAs from November.
This monthly snapshot reflects a stabilising insolvency landscape following heightened activity in 2023, though certain procedures like compulsory liquidations are seeing a resurgence.
