The UK reported 2,029 registered company insolvencies in October 2025, a 2% increase from September 2025, but 17% higher than the same month in the previous year, illustrating the ongoing pressures facing UK businesses amid challenging economic conditions.
Of the 2,029 registered company insolvencies in October, there were:
Figure 1: The total number of company insolvencies in October 2025 was slightly higher than in September 2025, driven by an increase in compulsory liquidations.
Sources: Insolvency Service (compulsory liquidations only); Companies House (all other insolvency procedures)
In October 2025, Company Voluntary Liquidations (CVLs) comprised 78% of all insolvencies. The number of CVLs in October was similar to that in September 2025 and represented an 11% increase compared to October 2024.
The number of compulsory liquidations in October 2025 was 8% higher than in September 2025, 62% higher than in October 2024 and 12% higher than the 2024 monthly average.
The number of administrations in October 2025 was 3% lower than in September 2025, but 19% higher than in October 2024. The average monthly number of administrations so far in 2025 is lower than the average for 2024.
The number of CVAs in October 2025 matched the level of September 2025 and was 42% higher than in October 2024. Overall, the numbers remain low compared to historical figures. CVAs are not seasonally adjusted due to their low volumes.
The six industries that experienced the highest number of insolvencies in the 12 months to September 2025 were:
At CoCredo, we've proudly supported UK businesses with UK, Ireland and International credit reports and monitoring 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 Managing Director, Dan Hancocks, says, “The latest figures from the Insolvency Service show that registered company insolvencies in England & Wales reached 2,029 in October 2025 — a 2% rise on September and 17% higher than the same month a year ago.”
“On the one hand, the rising month-on-month numbers underscore that business pressures remain real – firms must remain vigilant in their cash-flow management, supplier relationships and credit risk monitoring. The overall rate is not escalating dramatically, which gives grounds for cautious optimism.”
“The construction industry is currently under significant pressure, while the wholesale, retail, and hospitality sectors are experiencing strain due to rising costs and tighter cash flow. However, some firms in the professional and support services are faring better, indicating that businesses that can adapt or scale may still find resilience even in a challenging environment.”
“The horizon may not be free of challenges, but with effective tools such as financial management systems and data analytics, many companies are well-prepared to navigate the forthcoming turbulence and emerge stronger.”
Our UK & Ireland company credit check provides detailed, reliable business credit score information, helping you make informed decisions, reduce financial risks, and strengthen supplier relationships.
Our UK and International company credit monitoring service will always keep you in the loop! Receive daily or weekly email alerts about the companies you work with, updating you on their performance, payment history, and any court rulings.
Credit check companies you work with, with our free business credit score check. Register today to gain the insights you need for smart financial decisions!
Ready to take charge of your business's future? Give us a call at 01494 790600 or drop us an email.
© Copyright CoCredo Ltd 2025 | Registered in England & Wales 05319965 | VAT Registration 878787434