Official data from the Insolvency Service showed there were 2,081 company insolvencies in July, edging up by 1% compared with June.
The number of compulsory liquidations was slightly higher than in June and up 11% compared with the same month in 2024.
Compulsory liquidations happen when a company is forced to close when it cannot pay money owed to creditors.
July’s figure was also a quarter higher than the monthly average across 2024, the data showed.
The level of firms facing insolvency has remained elevated since reaching a 30-year annual high in 2023.
Construction firms continue to come under the most pressure, with 3,984 insolvencies in the 12 months to July – making up 17% of all cases.
This is followed by wholesale and…