Monthly UK insolvency statistics - June 2021

In response to the coronavirus (COVID-19) pandemic, the individual and company June 2021 insolvency statistics for England and Wales have been published by the Insolvency Service, together with related insolvency figures for Scotland and Northern Ireland.

June UK Insolvency Stats

Insolvency statistics for England and Wales following coronavirus lockdown

The Insolvency Service is releasing monthly company and individual insolvency statistics for England and Wales and Northern Ireland, as well as monthly company statistics for Scotland, throughout the remainder of the coronavirus (COVID-19) pandemic, and for a period thereafter.

However, these statistics are marked ‘experimental’ since the process of compiling insolvency data in monthly format is new to the statistics team at the Insolvency Service and is subject to review. The Insolvency Service also notes that as they do not record whether an insolvency is directly related to the coronavirus pandemic, as it is not possible to state its direct effect on insolvency volumes.

According to The Insolvency Service, the overall number of company insolvencies since the start of lockdown last year is likely to be impacted by the range of government measures put in place to financially support companies in response to the coronavirus pandemic, including the Corporate Insolvency and Governance Act.

Company insolvency statistics for England and Wales – June 2021

Overall, the numbers of registered company insolvencies have remained low since the start of the first UK lockdown in March 2020, when compared with the same time period last year.

Total company insolvencies increased in June 2021 when compared to June 2020. In June 2021, there were a total of 1,207 company insolvencies in England and Wales, which included:

  • 1,116 creditors’ voluntary liquidations (CVLs)
  • 38 compulsory liquidations
  • 39 administrations
  • 14 company voluntary arrangements (CVAs)
  • 0 receiverships

Overall company insolvencies in June 2021 were 18 per cent lower when compared to June 2019 (pre-pandemic) but 63 per cent higher when compared to June 2020. When compared with the number of company insolvencies registered in June 2020 and June 2019:

  • CVLs were 100% higher than 2020 and 11% higher than 2019
  • compulsory liquidations were 46% lower than 2020 and 86% lower than 2019
  • CVAs were the same as in 2020 but 60% lower than 2019
  • administrations were 61% lower than both 2020 and 74% lower than 2019

Individual insolvency statistics for England and Wales – June 2021

As individual voluntary arrangement (IVA) numbers have been calculated using different methodology, they are presented separately to debt relief orders (DROs) and bankruptcies.

Overall DROs and bankruptcies decreased in June 2021 when compared to the same month last year and June 2019, while IVAs were also lower than the rolling three-month average observed in the period ending June 2020 but slightly higher than June 2019.

In June 2021, there were:

  • 7,184 IVAs registered (using a three-month rolling average)
  • 1,410 DROs
  • 735 bankruptcies (645 debtor bankruptcies and 90 creditor bankruptcies)

Debt relief orders and bankruptcies

The number of DROs in June 2021 was 21 per cent lower than June 2020 and 33 per cent lower when compared to June 2019.

Bankruptcies were 17 per cent lower than in June 2020 and this was driven by a drop in debtor applications (21 per cent lower), however creditor petitions were 27 per cent higher. Compared to June 2019, total bankruptcies were 44 per cent lower.

Individual voluntary arrangements

Due to volatile data, the Insolvency Service provided three-month rolling averages for IVAs, which indicate what the overall trend of IVA registrations might look like.

Using the three-month rolling average, IVAs in June 2021 were 15 per cent lower when compared to the average number of registered IVAs during each of the three months ending June 2020 but 11 per cent higher than the three-months ending June 2019.

Company insolvency statistics for Scotland – June 2021

The Accountant in Bankruptcy, Scotland’s Insolvency Service, administers company insolvency in Scotland. They reported that in June 2021 there were 77 company insolvencies in total, an increase of 67 per cent when compared to June 2020 and 13 per cent higher than June 2019. Total corporate insolvencies in Scotland in June 2021 consisted of:

  • 14 compulsory liquidations
  • 62 CVLs
  • 1 administration
  • 0 CVAs
  • 0 receivership appointments

Company and individual insolvency statistics for Northern Ireland – June 2021

In Northern Ireland in June 2021 there were:

  • 11 company insolvencies
  • 163 individual insolvencies

Companies insolvencies were 22 per cent higher when compared to June 2020 but 62 per cent lower when compared to June 2019 and consisted of:

  • 9 CVLs
  • 1 compulsory liquidation
  • 1 administration
  • 0 CVAs
  • 0 administrative receiverships

Individual insolvencies were 40 per cent lower than in June 2020 but down 15 per cent from June 2019 and consisted of:

  • 130 IVAs
  • 19 DROs
  • 14 bankruptcies

Where can I see insolvency notices in The Gazette?

The Gazette is the primary source of both corporate insolvency and personal insolvency information in the UK and publishes this information in the form of insolvency notices, allowing transparency for the public, the credit industry and concerned individuals to quantify risk and inform creditors. You can view all corporate and personal insolvency notices on The Gazette website.

The Gazette also provides a data service which gives access to official intelligence on all UK businesses, corporate and personal insolvencies. Benefits of The Gazette’s data service include:

  • Bespoke reports - tailored around your specific business
  • Geo-targeted editions - available for specific geographical targeting (National, London, Belfast, Edinburgh)
  • Custom filters - specific custom attributes (company number, notice type, key terms)
  • Data at regular intervals - delivered at a rate to match your business needs (daily, weekly, monthly)

For more information on The Gazette’s data service, contact the team on 01603 985949 or email

Next insolvency statistics release

Individual and company insolvency statistics for July 2021 will be released on 17 August 2021.

See also

Monthly UK insolvency statistics - May 2021

Company insolvency statistics - Q1 2021

UK individual insolvency statistics - Q1 2021

About The Gazette’s data service

What you need to know about Corporate Insolvency and Governance Bill

Find out more

Monthly Insolvency Statistics June 2021 (GOV.UK)

The Insolvency Service (GOV.UK)

Accountant in Bankruptcy (AiB)

Corporate Insolvency and Governance Act 2020 (Legislation)

Image: Getty Images

Publication date: 21 July 2021