First Time Administrations March 2025

March FY25 saw a continued surge in insolvencies, with 1,447 businesses entering administration for the first time. This number is twice the average of 712.17 recorded over the past five financial years, reflecting the ongoing economic pressures on businesses.

The jump from February’s 1,216 insolvencies highlights the persistent instability and unpredictability in the current economic landscape. Despite typical seasonal patterns, the figures remain worryingly high, showing that many businesses are still grappling with financial challenges.

Looking ahead, it is essential for businesses to stay alert and take proactive measures to safeguard their financial health. Trade credit insurance remains a crucial tool for managing risk and ensuring stability. By offering critical support, it helps businesses navigate financial difficulties and maintain operations during these uncertain times.

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