Corporate insolvencies in the UK increased by 2.9% in February 2025 to a total of 2,035, up from 1,978 in January, according to the latest figures from the Insolvency Service. However, this represents a 7% decrease from February 2024, when 2,188 businesses entered insolvency. Compared to February 2023’s total of 1,964, insolvencies have risen by 3.6%.
After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035, marking a 3% increase from January but remaining 7% lower than the previous year. Despite the drop from 2024 levels, insolvencies continue to be high relative to historical standards, reflecting ongoing financial strain on businesses across multiple sectors.
In February…
