Over 28,000 corporate insolvencies throughout 2025 – London Business News

Bankruptcy

UK businesses continued to face intense financial pressure throughout 2025, with 28,616 insolvency activities recorded, while start-ups declined, according to a new report from R3. While corporate insolvency-related activities – including administration and voluntary and compulsory liquidations, eased slightly compared with 2024, when there were 29,366 instances, they remain significantly above pre-pandemic norms, reflecting a…

More than 28,000 corporate insolvencies in 2025 highlight strain on UK businesses

Liquidation

UK businesses remained under intense financial pressure throughout 2025, with more than 28,000 insolvency-related activities recorded over the year, underlining the fragile state of the operating environment despite easing inflation. New figures from R3, the trade association for restructuring and insolvency professionals, show there were 28,616 corporate insolvency activities in 2025. While this was slightly…

Sri Lanka signs debt relief deal with Belgium’s Credendo

Debt Help

Sri Lanka has signed a bilateral agreement with CREDENDO, Belgium’s Export Credit Agency, to reschedule external debt amounting to 9.6 million euros. The Ministry of Finance, Planning and Economic Development stated that the agreement forms part of Sri Lanka’s ongoing external debt restructuring process. The agreement was signed by Finance Ministry Secretary Dr. Harshana Suriyapperuma…

Liquidation Proceeds as EV Shakeout Continues

Liquidation

The story of Canoo Inc. (GOEV) has reached its concluding phase. The electric vehicle startup is no longer an operating company but a collection of assets being sold off under court supervision. This shift into Chapter 7 liquidation, initiated in early 2025, marks the end of its ambitions as an automaker. For shareholders, the process…

IBC has been a game-changer, transformed the insolvency landscape: DFS secretary

Bankruptcy

The Insolvency and Bankruptcy Code (IBC) has been a game-changer and has transformed the insolvency landscape by fostering transparency, accountability and efficiency in corporate dispute resolution and laying the foundation of a more resilient and robust economy, Financial Services Secretary M Nagaraju said on Wednesday. “Despite these achievements, several challenges still remain, which include timelines…

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