Today’s company insolvency statistics show accommodation and food services insolvencies fell 7% from 3,747 in the 12 months to January 2024 to 3,474 in the 12 months to January 2025.
However, insolvencies in the sector increased 21% month-on-month, from 225 in December 2024 to 273 in January 2025, and were up 3% when compared to the same month last year (265).
Saxon Moseley, partner and head of leisure and hospitality at leading audit, tax and consulting firm RSM UK, said, “Hospitality trade at the start of the year was particularly tough, so the rise in insolvencies in January was expected, but perhaps not as bad as feared.
“While some operators managed to weather the storm at the end of last year to maximise trade during the…