Retail insolvency falling but hospitality sector continues to feel the strain

PwC insolvency barometer shows 192 insolvencies in the first quarter of this year - 14% fewer than Q1 of 2024

The number of retail businesses closing due to insolvency continues to fall but the hospitality sector continues to struggle, the latest PwC insolvency barometer reveals.

The number of retail businesses closing due to insolvency continues to fall but the hospitality sector continues to struggle, the latest PwC insolvency barometer reveals.

The report, analysing insolvencies for the first quarter of 2025, shows there were 192 insolvencies in the first quarter of this year - 14% fewer compared to the first quarter of 2024 (222), and 7% fewer compared to the last quarter of 2024 (207).