First Time Administrations February 2025

In February FY25, the anticipated spike in insolvencies materialized, with 1,216 businesses entering administration for the first time. This figure is double the average of 606 since 2017, highlighting the ongoing economic challenges faced by businesses.

The significant increase from January’s 726 insolvencies underscores the volatility and uncertainty in the current economic climate. Despite the seasonal trends, the numbers remain alarmingly high, indicating that many businesses are still struggling to navigate financial difficulties.

As we move forward, it is crucial for businesses to remain vigilant and proactive in managing their financial health. Trade credit insurance continues to be an essential tool for mitigating risk and ensuring stability. By providing vital support, it helps businesses manage financial challenges and maintain operations during these uncertain times.

For more information, get in touch with Capital Trade Credit Solutions today!