Admin List Insolvency Report

There were a total of 7203 insolvencies we tracked between April and June 2024. This is 4% higher compared to the previous quarter, and roughly the same as Q2 2023.

Insolvency numbers between April and June crossed 7,000

More than 400 construction businesses became insolvent at the start of the quarter. Construction firms also accounted for 17.3% of all insolvencies in England and Wales in April

1 out of 6 businesses in construction entered insolvency this quarter

The national balance sheet, which is the total value of all assets in the UK, came to £12 trillion. That’s a little less than £200,000 per person.

The UK's net worth has declined by £600M since 2022

Retail and hospitality sectors have suffered from lower footfall due to wet weather over the past few months. This setback follows a tough start to the year, a poor Christmas trading period, and the long-term impact of reduced consumer spending.

The retail sector made up 14% of the total insolvencies in Q2 2024

The level of liquidations is significantly higher than administrator appointments and winding up petitions together. This has been a recurring trend in the UK distressed business market since the last few years.

Liquidations on the rise

North East England has seen the highest increase in insolvency rates due to economic downturns in manufacturing and retail.

Distressed Businesses: Regional Distribution

Overall, M&A activity in the UK surged significantly in Q1 2024. It increased 89% compared to the previous quarter and by 31% compared to Q1 2023.

Huge Uptick in M&A Deal Volumes in the UK

The sharp increase in compulsory liquidations points to a growing availability of distressed assets for acquisition. Investors can benefit by focusing on businesses with valuable assets and strong market positions

Cazoo entered Administration with assets worth £449M in Q2

After a decline in May, June witnessed a surge in winding-up petitions, reaching 554 – almost 1.5x the figure recorded in April. This continual rise in winding up petitions suggests that creditors are becoming more assertive in their collection efforts.