Credit, Collections & Insolvency News
Latest data statistics from the Insolvency Service show that there were 351 business insolvencies registered in Northern Ireland in 2025, which was an increase of 15% from 2024 (305 insolvencies).
The increase was largely driven by a 56% increase in compulsory liquidations, although the number of CVLs decreased by 22%, while administrations increased by 47% and CVAs increased by 16% from 2024 numbers.
Personal inolvency figures also increased by 4% when compared to 2024. Personal insolvency figures totalled 1,599 in 2025, 4% higher than in 2024.
The December 2025 figures showed that there were 20 business insolvencies registered in Northern Ireland, 13% lower than in December 2024. The insolvencies were comprised of 11 compulsory liquidations, five CVLs and four CVAs. There were no administrations or receivership appointments.
Meanwhile, there were 149 personal insolvencies in Northern Ireland in December 2025. This was 48% higher than in December 2024. There were 112 IVAs, 21 DROs and 16 bankruptcies..
