Insolvency and restructuring trade body R3 has also released new data on business start-ups in Wales
Business failures have risen in Wales according to insolvency and restructuring trade body R3. Insolvency-related activity, which includes administrations and creditors’ meetings as well as voluntary and compulsory liquidations, rose from 844 cases in 2024 to 863 last year – a rise of 2.3%.
R23 said was also a 8.7% increase over the same period in the number of start-up businesses from 21,036 to 22,863.
Levels of insolvency remain high with UK Government statistics from the Insolvency Service showing a 0.2% increase in corporate insolvencies in Wales and England which rose to 23,938 in 2025.
The R3…