The total comprised 57 compulsory liquidations, 53 creditors’ voluntary liquidations (CVLs), 18 administrations and three receivership appointments. No company voluntary arrangements (CVAs) were recorded during the period.

Over the 12 months to March 2026, the total insolvency rate stood at 52.3 per 10,000 companies on the effective register – an increase of 0.7 compared to the preceding 12-month period ending March 2025.

Michelle Elliot, restructuring advisory partner at FRP, said: “An uptick in insolvencies reflects the growing pressure many businesses are now facing, as multiple headwinds converge.

“Rising oil prices, ongoing supply chain uncertainty and the introduction of new employer costs at the start of the tax year are all forcing difficult decisions around pricing, investment and headcount. In this environment, hesitation can quickly become a cost in itself. 

“The priority for management teams must be to make clear, confident decisions underpinned by robust financial information and forecasts. Those that can do so will be better placed to protect value and maintain resilience in the face of continued uncertainty.”