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Insolvency Service Jan 2023
The number of company directors who took their businesses into liquidation on a voluntary basis soared over the course of last year, according to the latest official figures.
Cases of Creditors’ Voluntary Liquidation (CVL) reached the highest levels for a single year since comparable records first started to be collected in the 1960s, the Insolvency Service has said.
CVLs accounted for 85 per cent of all corporate insolvency cases recorded in 2022, with compulsory liquidation rates also up compared with 2021.
UK Supreme Court delivers landmark judgment on directors’ duties when a company faces insolvency
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Official insolvency figures show Voluntary Liquidations rates have soared in 2022
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