Company failures have jumped higher again in March due to a surge in firms collapsing into administration as experts warned more may go bust as the Iran war and soaring wage bills send costs surging.
Latest data from the Insolvency Service shows the number of company insolvencies rose 7% month-on-month in March to 2,022.
Company administrations surged 52% between February and March to 235, and were 82% higher when compared with March 2025, while compulsory liquidations jumped 18%.
Company voluntary arrangements (CVAs) doubled during the month to 20, the figures showed.
Fuel and energy costs have been jumping higher due to the Iran war, which has hit some sectors hard already, such as manufacturing.
Renowned…