The Insolvency Service released its latest figures for company insolvencies in the UK in April 2025.
The number of registered company insolvencies in England and Wales was 2,053 in April 2025. This figure is 3% higher than March 2025 (1,996) but 5% lower than the same month in the previous year (2,163 in April 2024).
Of the 2,053 registered company insolvencies in April, there were:
Figure 1: The total number of company insolvencies in April 2025 was slightly higher than in March 2025, driven by increased compulsory liquidations.
Sources: Insolvency Service (compulsory liquidations only); Companies House (all other insolvency procedures)
In April 2025, CVLs accounted for 75% of all company insolvencies. In the first four months of 2025, CVLs were at the lower end of the numbers seen over the past three years but remained high relative to pre-2022 levels.
April 2025 saw the highest monthly number since September 2014, 24% higher than March 2025 and 33% higher than April 2024.
The number of administrations in April 2025 was 20% lower than in March 2025 and 30% lower than in April 2024.
The number of CVAs in April 2025 was 41% higher than in March 2025 and 33% higher than in April 2024.
Company insolvencies by industry
The five industries that experienced the highest number of insolvencies in the 12 months to March 2025 were:
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CoCredo’s Managing Director, Dan Hancocks, says, “The latest insolvency figures for April 2025 present a complex picture of the economic landscape for UK businesses. While there is a modest month-on-month decline, the consistent year-on-year stability indicates that companies are adapting and finding ways to navigate ongoing challenges. This resilience offers opportunities for growth and improvement in the future.”
“Businesses must continue to monitor their financial health, manage operational costs, and adapt to changing market conditions to navigate the months ahead successfully.”
“The construction industry, however, faces significant challenges, accounting for 16% of all insolvencies reported in April. Contributing factors include rising material costs, increased labour expenses, and disruptions in the supply chain. In addition, the wholesale and retail sectors are struggling with diminished consumer confidence and decreased spending.”
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