Insolvency statistics released for March 2026
The insolvency statistics released for March show that of the 2,022 registered company insolvencies:
- There were 299 compulsory liquidations
- 1,468 creditors’ voluntary liquidations (CVLs)
- 235 administrations
- 20 company voluntary arrangements (CVAs).
Individual Insolvencies
- In March 2026, 12,252 individual insolvencies were registered in England and Wales. This was 30% higher than in March 2025 and 3% higher than in February 2026.
The individual insolvencies consisted of:
- 654 bankruptcies
- 4,523 debt relief orders (DROs)
- 7,075 individual voluntary arrangements (IVAs)
- The number of DROs in March 2026 was a record high in the monthly time series going back to their introduction in 2009, exceeding the previous high of 4,301 in February 2026. The number of IVAs was higher than both February 2026 and the 2025 monthly average. The monthly numbers of bankruptcies between November 2025 and February 2026 were affected by the Insolvency Service’s transition to a new case management system. In March 2026, bankruptcies were at a similar level to October 2025.
- In the 12 months ending 31 March 2026, one in 379 adults in England and Wales entered insolvency (at a rate of 26.4 per 10,000 adults). This was higher than the rate of 24.2 per 10,000 adults (one in 413) who entered insolvency in the 12 months ending 31 March 2025.
Debt Relief Orders
Individual Voluntary Arrangements
Breathing Space Registrations
- There were 5,175 breathing spaces registered under the Debt Respite Scheme in March 2026. This is 36% lower than in March 2025. Of the 5,175 breathing space registrations, 5,045 were Standard breathing space registrations and 130 were Mental Health breathing space registrations.
We publish a summary of the reports here each month. For advice relating to support, insolvency or recovery options, please contact Isobel Brett for further information and guidance.
* This content and data were reported in full in the Insolvency Service Statistics.