Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 1,175 corporate insolvencies in the year 2024-2025. This was a slight increase of 0.6% from 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132.
Commenting on the data, Tim Cooper, President of insolvency and restructuring trade body R3 and Partner at Addleshaw Goddard said “The increase in corporate insolvencies is due to a rise in compulsory liquidations. While figures for this process are not yet at pre-pandemic levels, they have increased since last year and significantly increased since the 2022-23 financial year. We have seen an increase in creditors’ willingness to actively pursue debts,…
