The number of registered company insolvencies reported in December 2021 sat at 1,486, which is an 11.4% decrease from the 1,674 reported in November but a 20% increase from the 1,237 reported in the same period in 2020 and 33% higher than December 2019’s figure of 1,120.

The Insolvency Service reported an increase of 37% in creditors' voluntary liquidation (CVLs) with 1,365 in December 2021 compared to 999 in 2020. The number of creditors' voluntary liquidations reported is 73% higher than pre-pandemic levels which reported 790. The highest figure was 1,521 reported in November 2021.