Monthly insolvency statistics – June 2025

Corporate Insolvencies

England and Wales

Corporate insolvencies for the first six months of 2025 totalled 12,360 a difference of only 4 four formal appointments when compared with the same period for 2024.

There were 2,043 in June 2025, 16% lower than June 2024.  Ultimately the volume has been the same but with monthly fluctuations.  The mix of formal appointments has shifted in that there have been 344 more compulsory liquidations over the period when compared to last year and fewer Creditors Voluntary Liquidations (245) and Administrations (90).

Creditors Voluntary Liquidations (“CVLs”) totalled 1,585, 18% lower than June 2024.

Compulsory Liquidations (“WUCs”) totalled 332, 13% higher than June 2024.

There were 111 Administration appointments which was 35% lower than June 2024. 

 There were 15 Company Voluntary Arrangements (“CVAs”) in June 2025, 35% lower than June 2024.   

Scotland

In June 2025, there were 105 company insolvencies registered in Scotland, 4% lower than June 2024. The total number of company insolvencies was comprised of 62 CVLs, 37 compulsory liquidations, five administrations and one CVA. There were no receivership appointments.

 Northern Ireland

In June 2025, there were 25 company insolvencies registered in Northern Ireland, 47% higher than June 2024. The total number of company insolvencies was comprised of 14 compulsory liquidations, seven CVLs, three CVAs and one administration. There were no receivership appointments.

Personal Insolvencies

England and Wales

There were 10,279 individual insolvencies in June 2025, with very similar figures in the previous months. There appears to be very little monthly movement in the numbers for each procedure at present, which might indicate that those procedures are becoming more appropriate in addressing the various needs of indebted individuals.

The number of Debt Relief Orders (DRO’s) has shown a 7% increase on last month (3,864), being slightly lower than the record high seen in June 2024 (4,187) with 4,135 applications in June.

Figures produced by the Insolvency Service recently revealed that 429 DRO applications had been refused or revoked between April 2024 and March 2025. This should give creditors some reassurance that the process is being properly monitored.

With DRO’s now increasingly being the debt solution of choice for many, bankruptcy numbers have decreased, with the total number of bankruptcies in June (596), being significantly lower than pre-pandemic levels.

In June there were 109 creditor petitions, down on the 2024 monthly average of 153, with HMRC leading the push on filing petitions.

Debtors’ applications are being replaced by DRO applications by many of those with liabilities up to £50,000, with debtors’ bankruptcy applications dropping to 487 in June.

Individual Voluntary Arrangements (IVA) numbers over the past year have been lower than during 2022, with 5,548 registered in June.

A revised IVA protocol came into effect on 1 July 2025 which aims to bring further clarity and certainty for both consumers and creditors. However, it remains to be seen how these changes will affect future IVA numbers.

There were 7,637 Breathing Space (BS) registrations in June. Standard BS registrations stood at 7,535 and there were 102 Mental Health BS registrations. This represented a slight decrease on previous months this year, except April.

The numbers indicate a slight pause in the steady increase in BS applications since their introduction, although, this procedure is merely a pause in the process and the individuals concerned will still have to deal with their indebtedness.

The numbers suggest that those exiting a BS application are being sign-posted to a DRO as their chosen exit route once the BS period had expired.

Plans to modernise the current Personal Insolvency framework could result in a single gateway to enable people to access independent, regulated debt advice, via a digital platform, or dovetailed with the current BS scheme, which June see the removal of previous barriers into appropriate and regulated insolvency procedures.

Scotland

The Accountant in Bankruptcy produces individual insolvency statistics on a quarterly basis. Therefore, the numbers in this section are only updated once every 3 months.

The quarters referred to are calendar year quarters, such that Q1 2025 covers the period 1 January to 31 March 2025. In Q1 2025, there were 1,673 individual insolvencies in Scotland, which was 11% lower than in the same quarter of 2024.

The individual insolvencies were comprised of 1,078 protected trust deeds and 595 bankruptcies (also known as sequestrations), of which 299 went into bankruptcy via the minimal asset process route. The rules regarding bankruptcy differ to those in England and Wales, so numbers of bankruptcies are not directly comparable.

Northern Ireland
In June 2025, there were 167 individual insolvencies in Northern Ireland. This was 33% higher than in June 2024. There were 124 IVAs, 12 bankruptcies and 31 DROs.