Latest analysis by Allianz Trade has predicted that global business insolvencies will keep rising over the next two years.
Insolvencies rose by 10% in 2024, and are expected to grow by 6% in 2025 and 3% in 2026. This would result in five successive years of increasing insolvencies (2022 – 2026).
The UK bucks both the global and US trends, in which insolvencies will continue to rise. By the end of 2024, UK business insolvencies began to show signs of a downward trend reversal, registering 26,708 cases. It was the first slight decrease (-5%) after three consecutive years of strong rises that pushed insolvencies to a 10-year record in 2023, as firms faced a succession of shocks and challenges, from Brexit-related…
