Latest figures from the Insolvency Service have shown that the number of business insolvencies in England and Wales increased by 7.4% in February 2026 when compared to the previous month.
The data showed that there were 1,878 business insolvencies. The figures was 7% lower than the same month in the previous year (2,015 in February 2025).
The business insolvencies consisted of 249 compulsory liquidations, 1,473 creditors’ voluntary liquidations (CVLs), 146 administrations and 10 company voluntary arrangements (CVAs). There were no receivership appointments.
CVLs accounted for 78% of all business insolvencies. The number of CVLs increased by 11% from January 2026, but was 3% lower compared to the same month last year…