UK debt collections

MARCH 17, 2022

In February 2022 there were 1,329 Creditors’ Voluntary Liquidations (CVLs), more than double the number in February 2021, and 40% higher than in February 2020. The biggest increase is in Creditors’ Voluntary Liquidations (CVLs), where directors have chosen to place their business into an insolvency process.

Creditors 96

Creditors Loans Government Collections 96

UK debt collections

NOVEMBER 15, 2023

The UK business insolvencies consisted of 256 compulsory liquidations , 1,889 creditors’ voluntary liquidations (CVLs), 146 administrations, 23 company voluntary arrangements (CVAs) and one receivership appointment. Businesses are being battered from all sides.

Government 59

Government Trade Retail Creditors 59

UK debt collections

NOVEMBER 4, 2022

Between 1 July and 30 September 2022 (Q3 2022), there were 5,595 registered company insolvencies comprising 4,800 creditors’ voluntary liquidations (CVLs), 492 compulsory liquidations, 274 administrations and 29 company voluntary arrangements (CVAs). All of these factors point to an economy sliding into recession.

Creditors 52

Creditors Government Construction Loans 52

UK debt collections

MAY 4, 2022

The data points to a forthcoming wave of business failures as the economy adjusts to the post-pandemic reality with Covid reliefs cut off and rapid growth in inflation. Do they rush to recover funds handed out during the pandemic to ensure there was a functioning economy afterwards?

Government 82

Government Construction Loans Creditors 82

UK debt collections

DECEMBER 21, 2021

This was driven by the higher number of creditors’ voluntary liquidations (CVLs). Other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic. In November 2021 there were 1,521 CVLs, 43% higher than in November 2019. Times are tough for Businesses in England and Wales.

Trade 59

Trade Creditors Collection Agencies Collections Agency 59

UK debt collections

AUGUST 3, 2021

Commenting on the figures Colin Haig, President of insolvency and restructuring trade body R3 and Head of Restructuring at Azets, said “The increase in corporate insolvencies – to the highest quarterly total in 18 months – has been driven by a rise in Creditors’ Voluntary Liquidations (CVLs), which have increased to pre-pandemic levels.”.

Trade 100

Trade Creditors 100

UK debt collections

JUNE 24, 2022

In May 2022 there were 1,584 Creditors’ Voluntary Liquidations (CVLs), 70% higher than in May 2021 and 66% higher than May 2019. Business Insolvency figures offer a great insight into how well the economy is performing overall.

Bankruptcy 52

Bankruptcy Creditors 52