The latest UK insolvency data has shown that corporate insolvencies increased by 2.9% in February 2025 to a total of 2,035 compared to January 2025’s total, and decreased by 7% compared to February 2024’s figure of 2,188. Tom Russell, Vice President of R3, commented: “The monthly increase in corporate insolvencies is driven by a rise in Compulsory Liquidations, which are at their highest level in more than five years, while the year-on-year reduction is due to a fall in Creditors’ Voluntary Liquidations (CVLs) and Administrations. Compulsory liquidations are often initiated by HM Revenue and Customs or local authorities as a measure of last resort, and the increase indicates a toughening of the position towards debts owed by companies to the public sector and the ongoing efforts of government to help balance their books.” To read R3’s news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32392/page/1//.