Stef’s market overview – Febuary 2025

Company insolvencies are on the rise across the UK, with January 2025 seeing a sharp increase compared to the previous month and the same time last year. The latest figures from the Insolvency Service paint a stark picture – 1,971 company insolvencies in England and Wales alone, up 11% on January 2024. The pattern is similar in Northern Ireland, while Scotland is the only exception, reporting a modest dip.  These numbers highlight the growing financial strain on businesses, particularly in industries like construction, retail and hospitality.

These figures reflect what we’re seeing first-hand in the invoice finance and asset-based lending space. Just last week, we helped a Nottingham-based manufacturing firm secure £450k in new co-funding. This is one of many cases where businesses are seeking urgent financial support to stay afloat. We’re also working with insolvency practitioners on complex cases ranging from £1m to £20m, reinforcing the need for businesses to act early if they are facing financial difficulties.

The message is clear – don’t leave it too late. If your business is under pressure, speak with a qualified insolvency practitioner and work with a broker who understands the market and can support you through any funding requirements. There’s strong lender appetite for these types of deals, so if you need help, reach out.