Social Enterprise Knowledge Centre: Insight January 2024 - Community Interest Company dissolution rates

Kasem, Laila, Balteanu, Matei, Doshi, S., Hochlaf, D. and Darko, E. (2024) Social Enterprise Knowledge Centre: Insight January 2024 - Community Interest Company dissolution rates. Technical Report. Social Enterprise Knowledge Centre, London.

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Abstract

Key findings
• Community Interest Companies (CICs) were dissolved, on average, at a lower rate than other forms of registered business during the pre- through to post-pandemic period of 2018 to 2023.
• CICs tend to dissolve at a younger age than other forms of business.
• CIC registration is growing significantly - and proportionately more than registration of other legal forms of business.
• CIC registration rates dropped proportionately more than other legal forms in the period 2021-2022 as the economy re-opened.
• The North-East of England sees persistently high dissolution rates, although there was also a sharp peak-Covid drop in dissolutions here. Dissolution rates stayed relatively static in the North-West and in Scotland.

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