The Government’s latest company insolvency statistics show accommodation and food services insolvencies were down 11% from 3,829 in the 12 months to February 2024 to 3,405 in the 12 months to February 2025.
Insolvencies in the sector fell 20% to 271 in February 2025 against the same month last year (339), and dropped slightly month-on-month compared to January this year (273).
“It’s encouraging to see hospitality insolvencies down on last year, but they remain historically high when compared to pre-pandemic levels, suggesting this elevated level of insolvencies is the new normal for the industry,” says Saxon Moseley, partner and head of leisure and hospitality at RSM UK
“In recent years, we’ve seen less viable businesses in the…
