Construction insolvencies hit 12 month high

Latest data from the Insolvency Service has found that the construction industry experienced the highest number of insolvencies in the 12 months to February 2025 at 4,046, making up 17% of all industry cases. Kelly Boorman, National Head of Construction at RSM UK, said: “Rising inflation, tariffs uncertainty and incoming rises to employment costs are…

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Business insolvencies fall by 2%

28th April 2025 Business | #business insolvencies

Latest figures from the Insolvency Service have shown that the number of registered business insolvencies in England and Wales decreased by 2.9% in March 2025 to a total of 1,992 when compared to February 2025’s total. Business insolvencies increased by 9.1% when compared to March 2024’s figure of 1,826  than the same month in the…

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Scottish business insolvencies increase by 3%

Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 3% in March 2025. The data showed that there were 118 business insolvencies registered in Scotland, which was 3% higher than the number in March 2024. The total insolvencies comprised of 55 CVLs, 57 compulsory liquidations and six administrations.…

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Northern Irish business insolvencies increase whilst personal insolvencies fall

Latest monthly statistics from the Insolvency Service show that in March 2025, personal insolvencies declined while business insolvencies increased in Northern Ireland. The data showed that there were 134 personal insolvencies in, which was 9% higher than in March 2024. The insolvencies consisted of/ 102 IVAs, 18 bankruptcies and 14 DROs. Business insolvency data shows that…

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Shipleys to merge with Moore Kingston Smith

25th April 2025 Business | #merger

Shipleys LLP has announced that it will be merged with Moore Kingston Smith. Shipley’s says that the merger enables both firms’ clients to benefit from an expanded suite of professional services and expertise. As a result, Shipleys will rebrand to Moore Kingston Smith on 6th May 2025. Shipleys’ 19 partners and 150 people are now…

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Scottish business insolvency annual figures show slight increase

Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 1,175 corporate insolvencies in the year 2024-2025. This was a slight increase of 0.6% from 2023-2024’s figure of 1,168, and an increase of 3.8% on 2022-2023’s figure of 1,132. Separate quarterly figures (fourth quarter 2024-25) showed that registered companies becoming insolvent…

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INSOLVENCY NOTICES: Appointment of Administrators – March 2025

In March, the following administration notices were issued and advertised in the London Gazette for the following companies: ABSOL REALISATIONS LTD ACM-47 GUILDFORD RD LIMITED ACTION ARTIFICIAL INTELLIGENCE LIMITED AD WILLIAMS LYDD LTD AD WILLIAMS SOUTHAMPTON LIMITED ADAM CARPETS LIMITED ADVENTURE PARC SNOWDONIA LIMITED AERGO LTD AFTECH LIMITED ALSIM SYSTEM BUILDING LIMITED ALTRIX TECHNOLOGY LTD…

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LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – March 2025

Creditors Voluntary Winding-Up – Appointment of Liquidators notices have been issued in the London Gazette for the following companies in March: 1 COMM SYSTEMS LIMITED 100WATT DESIGN LIMITED 1016 DEVELOPMENTS LIMITED 10761645 LTD 11220212 LTD 11557975 LTD 141 PARK LANE LIMITED 1CSS LTD 21ST CENTURY WASTE SOLUTIONS LTD 2ASB LTD 2MANYWINES LTD 3P EFFECTS DECORATING…

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INSOLVENCY NOTICES: Winding Up Petitions – March 2025

In March, Winding Up Petitions (Companies) were issued and advertised in the London Gazette for the following companies: 1 CHARLES STREET LTD 111280 LTD 18-19 BUCKINGHAM GATE INVESTMENTS LIMITED 3 B’S FOOD GROUP LTD 3P EFFECTS DECORATING LTD 3RD SECTOR ESTATES LIMITED 4 IN 1 EXPRESS TAKEAWAY LTD 4PE SYSTEMS LTD 713 HOMES LIMITED 7EN…

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Warning of potential sharp rise in insolvencies amid tariff turmoil

10th April 2025 Business | #business insolvencies

The number of companies in the UK filing for administration remained steady during Q1 2025 according to analysis by Interpath. Interpath expects that insolvencies to rise sharply as businesses grapple with the impact of new US tariffs on their organisations and the wider economy. Analysis of Companies House data by the international advisory firm shows…

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Global trade war set to accelerate business closures

4th April 2025 Business | #business closures

Latest data has shown that in Quarter 1, business closures in the UK surged to their highest level since 2021, this was before the impact of US trade tariffs and the latest date for the government’s increase in National Insurance contributions. According to insolvency notices in the Gazette, 2,718 companies shut down between January and…

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Retail store closures hit second lowest level in a decade during 2024

24th March 2025 Business | #retail store closures

New data from PwC has found that retail stor closures have stabilised sitting at -3,802 stores across high streets, retail parks and shopping centres. The results for 2024 show that retail is witnessing a promising recovery as chain outlet closures fall to their second lowest level in a decade, with 12,804 closures reported. This marks…

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Global business insolvencies forecasted to rise this year

19th March 2025 Business | #global insolvencies

Latest analysis by Allianz Trade has predicted that global business insolvencies will keep rising over the next two years. Insolvencies rose by 10% in 2024,  and are expected to grow by 6% in 2025 and 3% in 2026. This would result in five successive years of increasing insolvencies (2022 – 2026). The UK bucks both…

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