First Time Administrations January 2025

In January FY25, the trend of increasing insolvencies continued its seasonal downward trend, with a marked decrease to 726 businesses entering administration for the first time. This aligns with expectations, as January typically sees a decrease before a likely spike in February.

The current numbers are still higher than the average of 368.33 over the last several years, indicating that businesses continue to face substantial challenges in the current economic climate.

As we prepare for the anticipated increase in February, it’s crucial for businesses to remain vigilant. Trade credit insurance remains an essential tool for managing risk and maintaining stability during these uncertain times. It provides vital support, helping businesses navigate financial difficulties and continue operations.

For more information, reach out to Capital Trade Credit Solutions today!