The latest company insolvency statistics, published today (18 March), show accommodation and food services insolvencies also rose 3% when compared to the same month last year (January 2024: 265 insolvencies).
However, in the 12 months to January 2025 insolvencies fell 7%, from 3,747 to 3,474.
Commenting on the figures, Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK, says the number of hospitality insolvencies recorded in January is ‘not as bad as feared’.
“Hospitality trade at the start of the year was particularly tough, so the rise in insolvencies in January was expected, but perhaps not as bad as feared,” he says.
“While some operators managed to weather the storm at…
