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…

Argentex LLP (“Argentex”), a high-profile foreign exchange (“FX”) provider, recently entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021 (“PEMIIR”) following well-publicised liquidity issues caused by recent fluctuations in global currency markets. 

Trading in Argentex was abruptly suspended on 17 July 2025, effectively freezing the company’s ability to take on new customer funds and ceasing all onward trade obligations. Joint special administrators (“JSAs”) from FRP Advisory were appointed on 21 July 2025. 

All e-money or providers of regulated payment services (such as money remittance or safeguarding client funds) in the UK must be authorised as an…

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 2024, the data showed.

The level of firms facing insolvency has remained elevated since reaching a 30-year annual high in 2023.

Construction firms…

The total was comprised of 68 creditors’ voluntary liquidations (CVLs), 43 compulsory liquidations, four administrations, and one company voluntary arrangement (CVA).

The overall insolvency rate for the 12 months leading to July 2025 also improved, falling to 51.4 per 10,000 active companies, a drop of 2.4 from the preceding year.

The latest government figures of company insolvencies show the construction sector constitutes the highest number of insolvencies over the last twelve months

In July 2025, the number of registered company insolvencies in England and Wales was 2,081, similar to both June 2025 (2,053) and July 2024 (2,078).

The construction industry experienced the highest number of insolvencies in the 12 months to June 2025 at 3,984, making up 17% of all industry cases.

Commenting on the latest construction insolvency statistics, Kelly Boorman, national head of construction at RSM UK, said:

“The latest insolvency figures show that the construction industry continues to experience the highest number of insolvencies, despite the government’s…

The Insolvency and Bankruptcy Board of India (IBBI) has invited comments from the public on proposed changes to the corporate insolvency resolution process (CIRP) aimed at improving and ensuring the integrity of amendments.

The proposed changes are recording the deliberations of the committee of creditors (CoC) on the elgibility of the resolution applicant, enhancing disclosures of resolution plans as well as invitation and submission of such plans through electronic platforms. This is a parlimentary committee recommendation and follows the success of a similar requirement for the liquidation process.

Judicial pronouncements, stakeholder feedback and practical experiences have informed the requirement of continuous…

Stats released today by The Insolvency Service unveiled a 1% upturn in company insolvencies in July compared to the month before.

Construction, wholesale, retail, accommodation and Food Service topping the table of struggling industries who are responsible for 47% of all company insolvencies.

In 2024, there were 23,872 registered company insolvencies comprising 18,840 creditors’ voluntary liquidations (CVLs), 3,230 compulsory liquidations, 1,597 administrations, 202 company voluntary arrangements (CVAs) and three receivership appointments.

The total number of company insolvencies in 2024 was 5% lower than in 2023, which saw the highest annual number since 1993.

The change in total company insolvency numbers in 2024 was mostly…

Proposed changes to a key student loan forgiveness program could lead to thousands of borrowers losing access, institutional lobbyists and student advocates say. In their view, the new policy would unfairly tie an individual’s eligibility for Public Service Loan Forgiveness to the policies of their employer and whether they match with President Trump’s priorities.

Department officials, however, describe the revised regulations as a way to prevent taxpayer dollars from being “improperly provided” to borrowers whose employers are engaging in what they consider “illegal” practices, according to a news release about the rule. These include gender-affirming care; diversity, equity and inclusion programs; supporting…