In April FY25, 1,225 businesses entered external administration for the first time—more than double the five-year average of 578.3 and well above April FY24’s 606.
While this marks a modest decline from March’s 1,447 insolvencies, the numbers remain alarmingly elevated. Many had hoped March would represent a peak, but April’s figures suggest that financial stress is still widespread and persistent.
This continuation—despite expectations of a slowdown—highlights just how unpredictable the current economic environment remains. For many businesses, the pressure hasn’t eased; it’s simply evolving.
In such conditions, trade credit insurance plays a vital role in helping businesses manage risk, protect cash flow, and trade with confidence. It’s not just about protection—it’s about resilience.
In April FY25, 1,225 businesses entered external administration for the first time—more than double the five-year average of 578.3 and well above April FY24’s 606.
While this marks a modest decline from March’s 1,447 insolvencies, the numbers remain alarmingly elevated. Many had hoped March would represent a peak, but April’s figures suggest that financial stress is still widespread and persistent.
This continuation—despite expectations of a slowdown—highlights just how unpredictable the current economic environment remains. For many businesses, the pressure hasn’t eased; it’s simply evolving.
In such conditions, trade credit insurance plays a vital role in helping businesses manage risk, protect cash flow, and trade with confidence. It’s not just about protection—it’s about resilience.
For more information, reach out to us today!