First Time Administrations October, November & December 2025

Over the past six months, insolvency appointments have continued to run well above the eight year historical average, reinforcing just how elevated the current environment is. What is particularly notable is the December result.

Ordinarily, we see a seasonal slowdown in appointments as businesses and courts wind down for the year, which typically produces a dip in the monthly data. Instead, this year insolvencies lifted into December, moving further away from the long-term average rather than easing back toward it. That shift tells us the pressure in the system is not simply cyclical or timing related. It reflects a continuation of genuinely higher levels of business stress, with insolvency activity tracking at levels that remain materially stronger than what we have seen, on average, over the past eight years.

The long-awaited return to normal seems a while away yet.

For more information, reach out to us today!