First Time Administrations November 2024


In November FY25, the trend of increasing insolvencies continues, with 1,441 businesses entering administration for the first time. This is a significant rise from 1,361 in October and 1,227 in September. Compared to November FY24, which saw 891 insolvencies, this represents a 62% increase.
When we look at the average of 616.83 over the last several years, the current numbers are more than double the usual rate of businesses becoming insolvent in November. This ongoing trend highlights the persistent challenges that businesses are facing in the current economic climate.
Trade credit insurance remains a crucial tool for businesses to manage risk and maintain stability during these uncertain times. It provides essential support, helping businesses navigate financial difficulties and continue operations.
For more information, reach out to Capital Trade Credit Solutions today!