Borrowing in the financial year to August 2025 was also £83.8 billion, £16.2 billion more than in the same five-month Borrowing in the financial year to August 2025 was also £83.8 billion(Image: PA) In August 2025, 11,348 individuals entered insolvency in England and Wales, while 2,048 companies went insolvent. For individuals, it was 7% higher…
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“While a fall in insolvencies is positive, operating conditions remain incredibly challenging,” said Michelle Elliot, restructuring partner at FRP in Glasgow. “With consumer confidence so weak, businesses are having to absorb significant cost rises in order to remain competitive. “This is putting acute pressure on margins, and there are few signs of respite on the…
Authorities could also make employers hand over part of salaries until the debt is paid A sign warning drivers that they will be entering Low Emission and Ultra Low Emission Zones Drivers who persistently refuse to pay ultra-low emission zone (Ulez) fines could be made bankrupt, Transport for London (TfL) has said. The transport authority…
A former interim head of the Institute of Directors (IoD) has been disqualified from acting as a company director for 11 years over the abuse of the Covid Bounce Back Loan Scheme. Anna Daroy, 61, of Abbots Morton, Worcestershire, who led the prestigious business lobby group in 2019, secured two £50,000 loans for her management…
New company insolvency statistics show accommodation and food services insolvencies rose again in July, this time by 5% to 327 from 306 the month before. It represents the sector’s highest monthly insolvency figure since November 2024 and follows a 4% month-on-month rise in June and a 6% rise in May. When analysing the data, RSM…
Construction insolvencies increased slightly in July compared with June, although the rate was lower than 12 months ago, according to the latest official statistics. Insolvency Service figures show 332 construction companies went into administration or liquidation in July – up 2.5 per cent on the previous month’s total of 324 but down 3.5 per cent…
Today’s company insolvency statistics show accommodation and food services insolvencies rose again, this time by 5% (up on the 4% rise last month) from 306 in June 2025 to 327 in July 2025, equalling the highest monthly figure since November 2024. Year-on-year insolvencies were also up from 323 in July 2024. It also represented the…
Scottish company insolvencies fell by 7% in August 2025 compared to the same month last year, with a total of 95 businesses collapsing. The figure was comprised of 47 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations, and five administrations. The overall insolvency rate for the 12 months to August 2025 also saw a slight improvement,…
Thousands of people were declared bankrupt or chose debt relief orders and individual voluntary arrangements Thousands of people have entered arrangements after running out of money A record number of people turned to debt relief orders (DROs) in August to ease their financial struggles, Insolvency Service figures show. In total, the number of people going…