Insolvency statistics released for February 2025
The insolvency statistics released for February show that of the 2,035 registered company insolvencies:
- There were 393 compulsory liquidations
- 1,520 creditors’ voluntary liquidations (CVLs)
- 115 administrations
- 7 company voluntary arrangements (CVAs).
Individual Insolvencies
After seasonal adjustment, 10,147 individuals entered insolvency in England and Wales in February 2025. This was 4% higher than in January 2025 and 5% lower than in February 2024.
The individual insolvencies consisted of
- 600 bankruptcies
- 3,865 debt relief orders (DROs)
- 5,682 individual voluntary arrangements (IVAs)
- The number of IVAs registered in February 2025 was similar to the average monthly number seen in 2024. Bankruptcy numbers remained at about half of pre-2020 levels and were also 10% lower than in February 2024.
- In the 12 months ending 28 February 2025, one in 417 adults in England and Wales entered insolvency (at a rate of 24.0 per 10,000 adults). This is higher than the rate of 21.9 per 10,000 adults (one in 457) who entered insolvency in the 12 months ending 29 February 2024.
Debt Relief Orders
Individual Voluntary Arrangements
Breathing Space Registrations
- There were 7,889 breathing spaces registered under the Debt Respite Scheme in February 2025. This is 2% lower than in February 2024. Of the 7,889 breathing space registrations, 7,775 were Standard breathing space registrations and 114 were Mental Health breathing space registrations. Between the start of the scheme in May 2021 and 28 February 2025, StepChange Debt Charity registered 60% of breathing spaces.
We publish a summary of the reports here each month. For advice relating to support, insolvency or recovery options, please contact Isobel Brett for further information and guidance.
* This content and data was reported in full in the Insolvency Service Statistics. See the full report here.