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, compared to the same month last year (339).
However, they remain historically higher than pre-pandemic levels.
Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK, said,“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.
“In recent years, we’ve seen less viable…
