The latest insolvency statistics from the Government, released earlier this week, showed liquidations in the accommodation and food service industry fell 7% in the 12-months to January 2025, from 3,747 in January 2024 to 3,474.
However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January, and were up 3% when compared to the same month last year (265).
While experts commented the annual numbers were “not as bad as feared”, the overall data suggested “resilience” could be slipping.
Period of uncertainty
RSM UK head of leisure and hospitality Saxon Moseley said: “Hospitality trade at the start of the year was particularly tough, so the rise in insolvencies in January was expected,…
