UK Insolvency Statistics – November 2025 Overview

Published: 22/12/2025 By Hannah Duncan

UK Company Insolvencies fall in November 2025
In November 2025, 1,866 companies entered insolvency in England and Wales, an 8% decrease compared with October and 7% lower than November 2024. While this represents a month-on-month easing, insolvency volumes in 2025 remain slightly higher than last year, though below the peak levels recorded in 2023.

Breakdown by Insolvency Type
Of the 1,866 insolvencies:

• 1,461 were creditors’ voluntary liquidations (CVLs) accounting for 78% of all cases
• 250 were compulsory liquidations down 21%  from October
• 136 were administrations up 12% month on month
• 18 were company voluntary arrangements (CVAs) 
•  1  receivership  appointment

CVLs remained the dominant insolvency process, despite falling both month-on-month and year-on-year. Compulsory liquidations also declined in November but remain elevated overall in 2025, reflecting continued creditor enforcement activity. Administrations and CVAs increased slightly from October, although volumes remain low by historical standards.

12 month rolling Insolvency rate
Between 1 December 2024 and 30 November 2025, one in 189 companies entered insolvency, equivalent to 52.9 per 10,000 companies. This represents a marginal decrease compared with the previous 12-month period, indicating a degree of stabilisation in the overall insolvency rate.

The rate remains well below the peak seen during the 2008–09 recession, despite being significantly higher than the pandemic-era lows.

Industry Trends
In the 12 months to October 2025, the highest insolvency volumes were recorded in construction, wholesale and retail trade, accommodation and food services, administrative and support services, manufacturing, and professional services. Insolvency levels across most major sectors were broadly unchanged compared with the previous year, with only modest movements observed.

Summary
Company insolvencies fell in November, driven by fewer CVLs and compulsory liquidations. Despite this monthly decline, insolvency levels remain elevated, with creditor-led action continuing to play a significant role across several key sectors.