Insolvency Guardian Media Centre
The construction sector has seen almost 4,000 insolvencies over the past year – the highest total of all industries.
The latest Insolvency Service figures reveal 3,984 construction firms went under in the 12 months to the end of June, which accounted for 17 per cent of all business failures.
This was higher than the second-placed trade, wholesale and retail (3,655), and hospitality in third (3,366).
In July, the overall number of registered company insolvencies in England and Wales was 2,081, similar to June this year (2,053) and July last year (2,078).
Monthly company insolvency numbers in the first seven months of 2025 were higher than the second half of 2024, but remained slightly lower than the 30-year annual high seen in 2023, the…
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In a recent case, the New Delhi bench of the National Company Law Tribunal(NCLT) has held that Insolvency Bankruptcy Code Proceedings are not to recover applicants dues. Dismissed application, as the applicant approached for recovery rather than facilitating the resolution of the Corporate Debtor, who is solvent and operational.
The application under Section 7 of the Insolvency and Bankruptcy Code, 2016 has been filed by Mr. Akshay Kumar Rout, Prop. of Jagannath Traders, seeking initiation of CIRP against M/s. Indo Laminates Pvt. Ltd., the Corporate Debtor herein for the alleged default amount of Rs. 1,13,45,000/- as on 03.05.2025.
The Applicant granted financial assistance to the Corporate Debtor amounting to Rs. 1,05,00,000/- at an…
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Companies wound-up by the High Court following Insolvency Service investigations.
- EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited have been shut down by the High Court after keeping more than £50,000 in funds they collected on behalf of clients
- The three companies falsely claimed decades of experience despite being recently established, and used fake testimonials and misleading websites to deceive small businesses into paying upfront fees
- Clients paid fees of hundreds of pounds but received no service, with the companies becoming uncontactable while bank records showed payments were made to the director, bookmakers and football clubs
Three connected debt collection companies which kept more than £50,000 in client funds…
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The number of registered company insolvencies in England and Wales was 2,081 in July 2025, similar to both June 2025 (2,053) and the same month in the previous year (2,078 in July 2024). Monthly company insolvency numbers in the first seven months of 2025 were higher than the second half of 2024, but remained slightly lower than the 30-year annual high seen in 2023.
As such, there isn’t much to say really accept the summer months are alwas a bit volatile as you can see in the peak recorded in May.
The insolvency rate of c. 36-37 per 10,000 companies has remained remarkably steady in 2025 down from the peak of 40 seen in spring 2024.
The majority of the debts accrued during the pandemic have washed through the system. So, those who…
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More businesses forced to close in July as cost pressures mount MSN
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Construction sector sees lowest insolvencies since the start of the year, but labour shortages and supply chain strain persist Construction Wave
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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 retailers, who made up 16% of all company insolvencies.
Experts said firms are being challenged by “relentless uncertainty” in the…
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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…
Read the original article here
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…
Read the original article here
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…
Read the original article here
The number of companies going bust across England and Wales remained elevated last month, new data shows, as pressures intensify for firms grappling with higher costs.
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…