Todd Davison, managing director at Purbeck Insurance Services, said: “While overall company insolvency numbers in 2025 were broadly unchanged from 2024, it is alarming to see Creditor Voluntary Liquidations at record levels.
“This underlines just how fragile many businesses remain.
“We know from our own data on personal guarantee backed small business loans that in the past year, the primary reason for taking on a new loan was not for growth or development but simply to keep a business afloat.
“As costs remain high and cashflow tight, ensuring viable SMEs can access funding at the right time will be critical to preventing otherwise avoidable failures.”
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