The latest data on the number of winding up petitions in the Insolvency and Company Court provides insights into the recent increase in insolvencies and offers a hint as to the sectors that may be impacted most by claims against the former directors of insolvent companies.
Since 2020, the number of insolvencies has been steadily rising, with the last 6 months seeing a growth in the number of winding up petitions filed in the Insolvency and Companies Court.1 There was a rise of 573 petitions filed compared from Q3 to Q4 2024, with the numbers seen in Q1 2025 being similar to the preceding quarter.
There are also reports of Q1 2025 having been one of the busiest periods for the Insolvency…
