Overview

• April 2025 saw 10,012 personal insolvencies, including 589 bankruptcies, 3,837 debt relief orders (DROs), and 5,586 individual voluntary arrangements (IVAs).
• Corporate insolvencies totaled 2,053 in April, with a five-year high of 379 compulsory liquidations and 1,544 creditors’ voluntary liquidations.
• DRO usage remains at record levels since the abolition of the £90 fee in April 2024, with 45,959 DROs recorded over the past 12 months.
• The Debt Respite Scheme registered 7,273 breathing space applications in April, reflecting ongoing financial pressures on households.
• Economic challenges, including rising costs, tax increases, and soft consumer demand, continue to push businesses and individuals toward insolvency.