The number of new businesses set up in Wales rose by 25.3% in July 2025 compared to the same month last year, while insolvency-related activity in the region fell by 19.7% over the same period, according to new research from R3, the UK’s restructuring, turnaround and insolvency trade body.
R3’s analysis of data provided by Creditsafe shows that 2,035 new businesses were set up in Wales in July – a 25.3 % increase from July 2024’s total of 1,624.
Over the same period, the number of insolvency-related activities – which includes liquidator and administrator appointments and creditors’ meetings – fell from 71 to 57, a 19.7% drop.
Bethan Evans, Chair of R3 in Wales, says: “These figures suggest growing confidence in…