The number of corporate insolvencies rose by 0.2% in 2025 compared to 2024, climbing to 23,938 businesses, despite a 10% fall in insolvencies in December. Personal insolvencies increased by 7% in 2025 compared to 2024, rising to 126,240 from 117,958.
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, said: “Businesses and households in Yorkshire and across the UK remain under financial strain, with difficult trading conditions, high overheads and the impact of the national insurance rise weighing heavily on businesses last year.”
Compulsory liquidation levels have increased to their highest annual number in 13 years as…