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flag UK company insolvencies hit a 2023 high in January 2026, driven by retail and hospitality collapses.

flag In January 2026, UK company administrations rose 41% from December and 14% from the same month a year earlier, reaching 151 cases—the highest since early 2023—driven by collapses in major retail and hospitality brands like TGI Fridays, Claire’s, and The Revel Collective. flag TGI Fridays was sold in a pre-pack deal, but 16 locations closed, eliminating 456 jobs. flag Game Retail also plans to appoint administrators. flag Rising wages, weak consumer spending, and upcoming business rate hikes from the November 2025 budget are cited as key pressures. flag While overall insolvencies rose 4% month-on-month, they were 14% lower than a year earlier. flag Experts note economic resilience in inflation and expected rate cuts, but challenges persist across retail, leisure, and hospitality.

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