"More than 581,000 businesses ceased trading in the UK over the past year, highlighting the strain firms across the country face as rising costs and economic pressures continue to bite."
"London recorded the highest number of closures, with 118,290 firms shutting down over the period - accounting for around a fifth of the UK total."
"The South East followed with 79,830 closures, reflecting similar dynamics in commuter-belt economies close to London, with Kent and Surrey among the worst-affected areas."
"The North West ranked third with 60,910 closures, with Greater Manchester alone accounting for more than 26,000 business closures, underscoring the concentration of economic churn."
In the UK, over 581,000 businesses ceased trading from Q1 2024 to Q4 2025, averaging 71,000 closures per quarter. London had the highest closures at 118,290, driven by high operating costs and tax pressures. The South East followed with 79,830 closures, particularly in Kent and Surrey. The North West saw 60,910 closures, with Greater Manchester accounting for over 26,000. Northern Ireland had the fewest closures at 12,430, while the North East recorded 16,385. The transport and storage sector was notably affected.
Read at London Business News | Londonlovesbusiness.com
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