Payment times › United Kingdom › Insolvencies

How many companies are going insolvent in England and Wales?

1,882 companies in England and Wales entered insolvency in September 2026, down 5% on 1,973 a year earlier. Over the last 12 months, 49.9 in every 10,000 companies became insolvent.

Insolvency Service data, England and Wales · updated September 2026

September 2026 was 24% below the 10-year peak of 2,480 in May 2023.

Company insolvencies per month, England and Wales, October 2016 to September 2026
05001,0001,5002,0002,50020172019202120232025Peak 2,480, May 20231,882
Monthly figures as a table
MonthTotalCVLCompulsoryAdmin
September 20261,8821,420341102
August 20261,9531,431321182
July 20261,9381,495293128
June 20261,8471,371278184
May 20261,8551,415283132
April 20262,0781,496383178
March 20262,0251,466303236
February 20261,8941,476258150
January 20261,7591,332256157
December 20251,6941,323248108
November 20251,8561,441255141
October 20252,0221,561317127
1,882insolvencies in September 2026
-5%on the same month last year
22,803in the last 12 months
49.9per 10,000 companies, 12 months

Are company insolvencies rising in England and Wales?

Company insolvencies in England and Wales fell 4% to 5,773 over July to September 2026, against 6,022 over July to September 2025.

How does the insolvency rate compare?

49.9 in every 10,000 companies in England and Wales became insolvent in the last 12 months, against 49 in Scotland and 42.6 in Northern Ireland.

Which insolvency procedures are most common?

Creditors’ voluntary liquidations were the most common procedure in September 2026, at 75% of insolvencies (1,420 of 1,882).

Compulsory liquidations rose to 341 from 273 a year earlier.

Creditors’ voluntary liquidation1,420
directors close an insolvent company. September 2025: 1,555.
Compulsory liquidation341
a creditor or HMRC wins a winding-up order. September 2025: 273.
Administration102
an administrator tries to rescue the business. September 2025: 128.

The other 19 were company voluntary arrangements and receiverships.

Which industries have the most insolvencies?

Construction had the most company insolvencies over Oct 2025 to Sep 2026, with 3,873, 17% of the total.

What does this mean for money owed to you?

22,803 companies in England and Wales entered insolvency in the last 12 months, and each one can leave its suppliers with unpaid invoices.

When a customer becomes insolvent, unsecured suppliers rank behind secured creditors and preferential creditors such as employees and HMRC, and often recover little, so the time to act is while an invoice is still only late. UK credit control software sends the reminders and statements that keep overdue invoices moving, and the late payment interest calculator shows what the law lets you add to them.

For how long UK businesses wait to be paid across the whole economy, see the UK accounts receivable statistics.

Questions about this data

What counts as a company insolvency?

In England and Wales, a company insolvency is a compulsory liquidation, a creditors’ voluntary liquidation, an administration, a company voluntary arrangement or a receivership, and there were 1,882 of them in September 2026.

How often does the data update?

The Insolvency Service publishes company insolvency statistics every month, and this page carries 120 months of them, from October 2016 to September 2026.

Where do the numbers come from?

The monthly counts are the Insolvency Service’s seasonally adjusted company insolvency statistics for England and Wales, and the industry counts are its Oct 2025 to Sep 2026 figures by SIC section, covering 22,461 insolvencies.

Why does an insolvent customer matter to a supplier?

22,803 companies in England and Wales entered insolvency in the last 12 months. When a customer becomes insolvent, unsecured suppliers rank behind secured creditors and preferential creditors such as employees and HMRC, and often recover little, so the time to act is while an invoice is still only late.

Cite: Paidnice (2026). UK company insolvency tracker. https://www.paidnice.com/payment-times/uk/insolvencies. Source: Insolvency Service monthly company insolvency statistics, England and Wales, seasonally adjusted, October 2016 to September 2026. Industry counts: Oct 2025 to Sep 2026, not seasonally adjusted. Contains public sector information licensed under the Open Government Licence v3.0. Insolvency Service company insolvency statistics.

UK figures cover England and Wales. The payment-days figures come from UK payment practice reports, which cover payments to all suppliers.

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