There were 2,029 company insolvencies in England and Wales in October, according to official data from the Insolvency Service.
This was 2% more than in September, and a 17% jump compared with the same month a year ago.
The number of firms falling into administration was also nearly a fifth higher than last year, signalling a rise in larger firms facing distress.
Monthly company insolvencies have so far been higher in 2025 than in 2024, according to the data.
Experts said the figures indicate that more businesses are being threatened by cost challenges and the ongoing effects of lower consumer confidence.
It also comes at a time of heightened economic uncertainty as firms await new tax measures in the upcoming autumn Budget.
Simon…