The figure is 4% lower than the number registered pre-pandemic which sat at 1,510. The September figure continues the increase in the number of company insolvencies over the last three months with July 2021 recording 1,096.

The September figures also include the high-profile insolvencies of the nine energy companies that collapsed last month. 

The recent insolvency figure reported that in September 2021 there were 1,328 creditors’ voluntary liquidations (CVLs), which is the highest level seen in the series since January 2019.

For individuals, 614 bankruptcies were registered, which was 42% lower than September 2020 which reported 1,036 bankruptcies and 55% lower than September 2019.