The number of companies seeking to close shop — forced and voluntary closures — increased at a higher rate than firms registering to operate in the year ended June 2025, with 2,260 firms applying to the Business Registration Services (BRS) approvals to wind up.
This figure rose by 24.3 per cent from the 1,817 firms that sought to cease operations in the year ending June 2024, according to BRS data.
