Quote from Lawson Willett on July 3, 2025, 12:09 pm

Did you know that over 29,000 UK businesses are expected to fail in 2024—the highest figure in 12 years? That’s 43% above pre-COVID levels, and the ripple effects are hitting every sector from construction to hospitality. 

• In May 2025 alone, 2,238 companies in England and Wales entered insolvency—a 15% increase from the same month last year.
• The construction sector leads the collapse, with 4,032 insolvencies in the year to April 2025.
• For the first time since 2010, business deaths exceeded business births in the UK.
• One in 189 companies on the Companies House register went bust in the past 12 months. 

 

Are rising costs, International tariffs, and tax pressures making it impossible for SMEs to survive?
Increases in overhead costs affect everyone, but there is seemingly no support from governments to help economies thrive. 

Is the UK’s insolvency wave a symptom of deeper economic instability?
What can business owners do to protect themselves from becoming another statistic? 

Any Accountants out there willing to give their viewpoint?