Company insolvencies, November 2025
Monthly tables and commentary on the numbers, rates and sectors of companies that have entered formal insolvency procedures in England and Wales, Scotland and Northern Ireland.
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The number of registered company insolvencies in England and Wales was 1,866 in November 2025, 8% lower than in October 2025 (2,034) and 7% lower than the same month in the previous year (2,001 in November 2024). Monthly company insolvency numbers so far in 2025 have been slightly higher than in 2024, but lower than in 2023, which saw a 30-year high annual number of insolvencies.
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Company insolvencies in November 2025 consisted of 250 compulsory liquidations, 1,461 creditors’ voluntary liquidations (CVLs), 136 administrations, 18 company voluntary arrangements (CVAs) and one receivership appointment. The number of compulsory liquidations was 21% lower than October 2025 and was lower than both November 2024 and the 2024 monthly average. The number of CVLs in November 2025 was lower than both October 2025 and the 2024 monthly average. Both administrations and CVAs were higher than in October 2025.
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One in 189 companies on the Companies House effective register (at a rate of 52.9 per 10,000 companies) entered insolvency between 1 December 2024 and 30 November 2025. This was a decrease from the 53.0 per 10,000 companies that entered insolvency in the 12 months ending 30 November 2024. Insolvency rates are calculated on a 12-month rolling basis as a proportion of the total number of companies on the effective register. The 12-month rolling rates show longer term trends and reduce the volatility associated with estimates based on single months.
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While the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period.