This figure comprised 58 Creditors’ Voluntary Liquidations, 33 compulsory liquidations, and seven administrations, while no Company Voluntary Arrangements or receivership appointments were recorded. The wider insolvency rate for the twelve months ending November 2025 also decreased, dropping by 1.9 to stand at 51.2 per 10,000 companies.

Despite the statistical improvement, experts warn of continued headwinds. Michelle Elliot, restructuring advisory partner at FRP, cautioned: “While this is a positive end to the year, a challenging backdrop means insolvency levels are likely to remain elevated as we enter 2026.

“Tax policy continues to squeeze margins and the recent interest rate cut will make little meaningful difference for the many companies still carrying unsustainable levels of debt.

“Consumer-facing businesses – particularly hospitality and retail – are under particularly pressure, and their performance in this end-of-year period will be critical. Weaker-than-expected festive trading could leave those that are already struggling now with very little headroom come the new year.”