Individual Voluntary Arrangements outcomes and providers 2025
Statistics on the outcome status and providers of individual voluntary arrangements registered in England and Wales.
Applies to England and Wales
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In 2025, 71,855 IVAs were registered in England and Wales, higher than the 67,089 registered in 2024, but lower than the record-high annual numbers seen between 2019 and 2022. Six firms accounted for more than half of new IVAs registered in 2025.
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In England and Wales, one in 17 IVAs (6.0%) registered with the Insolvency Service in 2024 terminated within one year of being approved. This was similar to the one-year termination rate in 2023 (5.8%). One-year termination rates have been stable over the last four years.
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The two-year termination rate for IVAs registered in 2023 was 13.2%, which was lower than the rate of 14.6% for IVAs registered in the previous year. However, the three-year termination rate for IVAs registered in 2022 was 21.0%, a slight increase compared to those registered in 2021.
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Termination rates over the lifetime of an IVA were approximately one in three (34%) for IVAs registered between 2016 and 2018. IVAs registered between 2019 and 2021 show signs of lower lifetime termination rates. For these IVAs, the first three years, which is when the majority of terminations occur, coincided with the implementation of support measures in response to the COVID-19 pandemic. A definitive trend for 2022 and later is difficult to establish, as more than 70% of IVAs registered in these years were still ongoing at the end of 2025. However, for 2022, the three-year termination rate was higher than for 2019 to 2021, but lower than for 2016 to 2018.