Insolvency statistics released for March 2025
The insolvency statistics released for March show that of the 1992 registered company insolvencies:
- There were 295 compulsory liquidations
- 1,543 creditors’ voluntary liquidations (CVLs)
- 137 administrations
- 17 company voluntary arrangements (CVAs).
Individual Insolvencies
In March 2025, 9,205 individuals entered insolvency in England and Wales. This was 7% lower than in February 2025 but 2% higher than in March 2024.
The individual insolvencies consisted of
- 613 bankruptcies
- 3,490 debt relief orders (DROs)
- 5,102 individual voluntary arrangements (IVAs)
- The number of IVAs registered in March 2025 was 9% lower than the average monthly number seen in 2024. Bankruptcy numbers remained at about half of pre-2020 levels and were also 11% lower than in March 2024.
- In the 12 months ending 31 March 2025, one in 415 adults in England and Wales entered insolvency (at a rate of 24.1 per 10,000 adults). This is higher than the rate of 21.3 per 10,000 adults (one in 469) who entered insolvency in the 12 months ending 31 March 2024.
Debt Relief Orders
Individual Voluntary Arrangements
Breathing Space Registrations
- There were 8,033 breathing spaces registered under the Debt Respite Scheme in March 2025. This is 4% higher than in March 2024. Of the 8,033 breathing space registrations, 7,932 were Standard breathing space registrations and 101 were Mental Health breathing space registrations. Between the start of the scheme in May 2021 and 31 March 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 were reported in full in the Insolvency Service Statistics.