In November 2025, there were 1,866 registered company insolvencies in England and Wales. This represents an 8% decrease from October 2025, when there were 2,034 insolvencies, and a 7% decrease compared to November 2024, which saw 2,001 insolvencies. Overall, monthly company insolvency numbers in 2025 have been slightly higher than in 2024.
Of the 1,866 registered company insolvencies in November, there were:
Figure 1: The total number of company insolvencies in November 2025 was slightly lower than in October 2025, driven by a decrease in CVLs and compulsory liquidations.
Sources: Insolvency Service (compulsory liquidations only); Companies House (all other insolvency procedures).
In November 2025, CVLs represented 78% of all company insolvencies. The number of CVLs decreased by 7% from October 2025 and was also 7% lower compared to the same month last year (November 2024).
In November 2025, the number of compulsory liquidations was 21% lower than in October 2025 and 10% lower than in November 2024. So far in 2025, the average monthly number of compulsory liquidations is 17% higher than the average for 2024.
The number of administrations in November 2025 increased by 12% compared to October 2025 and by 5% compared to November 2024. The average monthly number of administrations in 2025 has been lower than in 2024.
The number of CVAs in November 2025 increased by 6% compared to October 2025 and was 29% higher than in November 2024.
The six industries that experienced the highest number of insolvencies in the 12 months to October 2025 were:
Figure 2: For most sectors, the number of insolvencies in the 12 months to October 2025 was similar to that in the 12 months to October 2024.
CoCredo has proudly supported UK businesses with credit checks and monitoring in the UK, Ireland, and internationally for over twenty years. Our recent win at the CICM British Credit Awards 2025 highlights our unwavering commitment and passion for delivering excellence.
CoCredo’s MD, Dan Hancocks, says, “The newly published company insolvency statistics for November 2025 paint a cautiously optimistic picture for UK businesses, with figures indicating a notable reduction in corporate insolvencies compared to both last month and the same period last year.”
“At first glance, these figures may indicate that the worst pressures causing business distress are starting to ease. The decrease in liquidations and compulsory insolvencies compared to previous months is definitely a positive sign. These trends offer a much-welcomed glimmer of hope for the broader economy.”
“Many businesses in the UK are still facing a challenging environment. Inflation, tighter credit conditions, and low consumer demand are putting pressure on profit margins, particularly in sectors such as retail, hospitality, and construction. These industries have historically accounted for a large share of insolvency cases. Recent reports focusing on specific sectors continue to reveal financial difficulties across various parts of the economy, even as overall figures show improvement.”
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