2025

The first quarter of 2025 is similar overall to the first quarter of 2024. Q1 2025 Administration notices were 384 against 446 in Q1 2024. MVLs had the usual seasonal peaks with 2853 in Q1 2025 against 1998 in Q1 2024, an increase of 43%.  CVLs were down with 4498 in q1 2025 against 4818 in Q1 2024

April

April has proven to be an all round quieter month than March.  There were 122 notices in April for English and Welsh companies compared with 155 in March.  1442 MVL notices in April compared with 1762 in March. CVL figures were 1165 against 1749 respectively

May

May has been a mixed month.  Administration notices have eased slightly from 122 to 117.  MVL notices have fallen off a cliff from 1442 in April to 324 in May.  This latter figure being the lowest since June 2012.   CVLs returned to a more normal figure of 1626.  In percentage terms LPA Receiverships saw the biggest increase going from 78 in April to 144 in May ( up 40%).

June

Notices for June are of a very similar number as May.  Q2 notices are generally down on last year’s Q2; Administrations being 353 compared with 403 (-12.5%); CVLs 4437 against 5106 (-13%) and MVLs 2166 v 2285 (-5.2%).

July

July showed a slight up tick generally on June for the main insolvency routes.  Administrations 160 compared with 114 (+40%); MVLs 454 against 400 (+13.5%); CVLs 1717 v 1646 (+4%). Of course MVLs continue to be low compared with less recent numbers.

October

Nothing particularly noteworthy in recent figures. Administrations in Q3 25 are up 13% on Q2 ( 400 v 353). MVLs were down 37% (1375 v 2166).  CVLs are up 6% (4695 v 4437).  LPA Receiverships fell sharply by 44% (187 v 336).

November

This has been a mixed month.  143 Administration notices were published in November being a 7% increase on October.  MVL notices at 785 were the highest since April.  CVL notices at 1417 were the lowest since April.  LPA lodgments at 106 was the highest since June.

2026

Generally, there have been fewer company insolvencies in England & Wales in 2025 than there were in 2024. Notices for Administrations are down 12.5 % (1778 down to 1554); CVLs are similarly down from 21,026 to 18,439.  MVLs had a greater fall of 33% from 13,050 to 8,789.  Notifications of CVAs were down slightly from 197 to 187.  On the other hand there were 1,004 LPA Receiverships  reported in 2025 being an increase of 25% on 2024’s figure of 803.

Below I have listed the firms that had more than 20 appointments in the year

 

FRP Advisory                             191

Begbies Traynor                        140

Leonard Curtis                           138

Quantuma                                   95

RSM UK                                       74

Interpath Advisory                      65

Opus LLP                                     45

Kroll Advisory                              45

Teneo Advisory                            39

KRE Corporate Recovery             31

Turpin Barker Armstrong             29

CG&Co                                        28

Grant Thornton                           27

Moorfields Corporate Recovery  27

Alvaraz and Marsal                      24

KR 8 UK                                       23

Exigen Group                              21

Forvis Mazar UK                          21

Smith & Williamson                     20

 

February

The number of insolvency notices for February this year were not greatly different for those of February 2025.  In England and Wales Administrations were up 15%; 128 in Feb ’25, 147 in Feb ’26.  MVLs were very similar (683 in Feb 25, 692 in Feb26).  CVLs were down 9% from 1642 to 1501.  LPA (Fixed charge) receiverships showed the largest change; increasing by 24% form 95 to 118.  However the LPA figure for Feb ’26 included 10 appointments that were made in 2025.

March

March has historically been an active month for insolvency proceedings, and this year is consistent with that trend. There were 344 Administration notices issued, representing a 134% increase compared to February’s total of 147. Of these Administrations, 190 involved joint appointments between partners from different firms. In addition, March saw 1,471 MVL notices, up 113% from February’s 692. CVLs in March totalled 1,791, an increase of 19% over February’s figure of 1,501. Although Scotland's numbers remain lower overall, the 16 Administration notices recorded in March mark a substantial rise from February’s six.

For Q1, there were 626 Administration notices, reflecting a 63% increase on Q1 2025 (384). In contrast, both Q1 CVLS and MVLS are slightly down compared to last year.

April

Consistent with previous years, activity in April was lower than that observed in March. Notably, in comparison to April last year, Administration notices increased by 25%, rising from 122 to 153, while CVLs experienced a 28% increase, from 1,165 to 1,496.

June

June Admin notices were up 70% on May being 213 compared with 132 (April’s being 153).  CVLs for June were 1536 compared with 1574 for May and 1496 for April.

Quarter 2 insolvencies had increases compared with 2025; Admins were up 41% at 498 compared with 353 for Q2 25; and CVLs were up 4% at 4606 compared with 4437;

July

July saw the number of notices for Companies in England and Wales entering Administration fall by 30% from 213 to 149.  Other insolvencies rose: MVLs by 38% from 360 to 498; CVLs by 5% from 1536 to 1617; LPA Receiverships by 68% from 79 to 133 and CVAs from 17 to 21.  133 LPA Receiverships is the highest monthly number since May las year.

September

In September, Administration notices totalled 112, marking a 14% decrease from August's 130. However, other insolvency types saw an increase, with MVLs rising 34% from 418 to 562 and CVLs up 30% from 1,111 to 1,441. In contrast, the figures for Q3 were lower than those for Q2. Administration notices dropped by 21%, from 498 to 391. MVLs decreased from 1,922 to 1,478, a 23%, while CVLs fell from 4,606 to 4,169, down 9%. Notably, LPA Receiverships increased by 26%, reaching 309 in Q3 compared to 246 in Q2. Scottish figures are typically lower than those for England and Wales, but notably there were 26 Scottish Administrations in Q3, more than doubling the 11 recorded in Q2.