The number of registered company insolvencies reported in January 2022 is a small increase of around 4% from the 1,486 reported in December and is over double the 752 reported in 2021, however this is similar to the pre-pandemic figure of 1,515 in January 2020.

The Insolvency Service reported an increase of 122% in creditors' voluntary liquidation (CVLs) from the January 2021 figure of 613, reporting 1,358 in the first month of 2022. This is also an increase of 34% from the same period two years ago. The highest figure reported in the last 12 months was in November 2021 which saw 1,521.