Send a story
Finance

North East company insolvencies fall 16% to 48 in October

Gazette notices show 48 administrations, creditors' voluntary liquidations and compulsory liquidations in the North East in October 2026, down 16% from 57 in September 2026.

48 companies based in the North East entered administration, creditors’ voluntary liquidation or compulsory liquidation in October 2026, according to a count of insolvency notices published in The Gazette. The total was down 16% from 57 in September 2026 and down 25% from 64 in October 2025.

That was 38 creditors’ voluntary liquidations, 9 compulsory liquidations and 1 administration.

Wholesale and retail trade accounted for the largest number, 10, followed by construction (8) and accommodation and food services (6).

Separately, 31 solvent companies in the area began members’ voluntary liquidations, against 9 in September 2026 and 17 in October 2025. A members’ voluntary liquidation closes a company that can pay its debts in full, so these are solvent closures and are not counted as insolvencies.

A further 12 winding-up petitions against companies in the North East were published. A petition does not by itself mean a company is insolvent.

Companies are placed by the trading address in the notice where the full notice has been read and gives one, otherwise by the location The Gazette records for the notice or the registered office held by Companies House, which for some companies in liquidation is the office of the insolvency practitioner. Fewer notices from earlier months have been read in full, so their area figures rely more on The Gazette’s recorded location. Each company is counted once per procedure in the month. These are Gazette notice counts, not the Insolvency Service’s official statistics.

Sources