The February 2025 individual insolvency stats for England and Wales have been published by The Insolvency Service, together with related figures for Scotland and Northern Ireland.

Individual insolvency statistics for England and Wales – February 2025

In February 2025, 10,147 individuals entered insolvency in England & Wales. This was 4% higher than in January 2025 and 5% lower than in February 2024. The total amount of individual insolvencies consisted of:

• 5,682 individual voluntary arrangements (IVAs)
• 3,865 debt relief orders (DROs)
• 600 bankruptcies

IVAs

The number of IVAs was 8% higher than January 2025, but 21% lower than February 2024 after seasonal adjustment.

DROs

The number of DROs in February 2025 was similar to the numbers seen in January 2025, but 72% higher than the long-term (2015 to 2024) monthly average.

Bankruptcies

The number of bankruptcies in February 2025 was 1% lower than in January 2025 and 10% lower than in February 2024. Bankruptcy numbers have declined since 2009 and fell further during the COVID-19 pandemic.

Bankruptcies in February 2025 consisted of:

• 441 resulting from debtors’ applications, which was 4% higher than in January 2025 and 19% lower than in February 2024.
• 159 resulting from creditors’ petitions, which was 11% lower than in January 2025 and 31% higher than in February 2024.

Individual insolvency statistics for Scotland – Q4 2024

The Accountant in Bankruptcy (AiB), Scotland’s Insolvency Service, administers individual insolvency in Scotland. The AiB produces individual insolvency statistics on a quarterly basis. Therefore, the numbers in this section are updated once every three months only.

In Q4 2024, there were 1,784 individual insolvencies in Scotland, which was lower than in the same quarter of 2023. The individual insolvencies were comprised of:

• 1,167 protected trust deeds
• 617 sequestrations (of which 342 went into bankruptcy via the minimal asset process route)

Individual insolvency statistics for Northern Ireland – February 2025

In Northern Ireland in February 2025, there were 126 individual insolvencies, which was 3% higher than in February 2024. Of the total individual insolvencies, there were:

• 83 IVAs
• 22 DROs
• 21 bankruptcies

Please note, individual insolvency in Northern Ireland is governed by separate, but broadly similar, legislation to England and Wales, and so figures are presented separately.

Where can I see insolvency notices in The Gazette?

The Gazette is the primary source of both corporate insolvency and personal insolvency information in the UK and publishes this information in the form of insolvency notices, allowing transparency for the public, the credit industry and concerned individuals to quantify risk and inform creditors. You can view all corporate and personal insolvency notices on The Gazette website.

The Gazette also provides a Data Service which provides timely official company, insolvency and deceased estates information to aid data driven decision-making. As the UK’s official public record, our authorised data can help your business with:

• KYC/due diligence
• risk management
• regulatory compliance
• business development
• business intelligence and strategy

For more information on The Gazette Data Service, contact the team on 01603 985949, email data@thegazette.co.uk or click on the link below.

Enquire now

Next insolvency statistics release

Figures for February 2025 will be released on 25 April 2025.

You can see all personal insolvency notices in The Gazette.

See also

Company insolvency statistics – February 2025

Individual insolvency statistics - January 2025

Find out more

Individual Insolvency Statistics February 2025 (GOV.UK)

The Insolvency Service (GOV.UK)

Accountant in Bankruptcy (AiB)

Images

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Publication date

24 March 2025