UK Insolvency Intelligence
September 2026
2,277 appointments, broadly flat year-on-year. The cumulative total fell 4.6%, while Admin/CVA remained ahead of 2025. Begbies Traynor led the monthly and cumulative SPK Index.
Spark Finance Group Plc · Published
2,277
Total appointments
+10 vs Sep 2025
125
Admin / CVA
−13 vs Sep 2025
590
MVL (solvent)
+13 vs Sep 2025
1,562
CVL / Other
+10 vs Sep 2025
Executive Summary
September recorded 2,277 appointments compared with 2,267 a year earlier: an increase of 10, or 0.4%. The report rounds this monthly movement to 0%. The January–September total was 20,903, down 1,014 (4.6%) from 21,917 in 2025.
Administration and CVA appointments fell to 125 from 138 in September, but the cumulative total of 1,255 remains 110 (9.6%) ahead of 2025. MVLs rose to 590 from 577 in the month and totalled 5,583 year-to-date. CVL and other appointments edged up to 1,562 from 1,552, while their cumulative total of 14,065 remained 883 below 2025.
Begbies Traynor led both the monthly SPK Index, with 1,510 points, and the cumulative ranking, with 11,407 points. FRP Advisory followed cumulatively on 10,756 points; Interpath’s 769 monthly points were close to FRP’s 773.
Notable cases include NCP Commercial Services, Headlam Group, Ardmore Group, Sunseeker London, Cambium Networks and S&PB Retail. These are appointments notified in September: notification month is not necessarily the appointment date.
| Type | Sep 2025 | Sep 2026 | Movement | 2025 YTD | 2026 YTD | YTD movement |
|---|---|---|---|---|---|---|
| Admin / CVA | 138 | 125 | -13 | 1145 | 1255 | +110 |
| MVL | 577 | 590 | +13 | 5824 | 5583 | -241 |
| CVL / Other | 1552 | 1562 | +10 | 14948 | 14065 | -883 |
| Total | 2267 | 2277 | 10 | 21917 | 20903 | -1014 |
Headline figures exclude Official Receiver appointments and subsidiary appointments. September’s cumulative data is a new report snapshot and may revise earlier periods; previously published monthly reports have not been rewritten.
Sector Breakdown (Non-MVL)
The 24 sectors shown in the source report, comparing January–September 2025 and 2026. Food and beverage services remains the largest reported sector at 2,153 appointments. This is a selected sector breakdown, not an allocation of the all-procedure headline total.
| Sector | 2025 YTD | 2026 YTD | Movement |
|---|---|---|---|
| Food & beverage services | 2286 | 2153 | -133 |
| Specialist construction | 1548 | 1488 | -60 |
| Retail trade | 1375 | 1220 | -155 |
| Building construction | 913 | 918 | +5 |
| Office & business support | 773 | 676 | -97 |
| Personal services (other) | 711 | 661 | -50 |
| Wholesale trade | 686 | 617 | -69 |
| IT programming / consulting | 615 | 559 | -56 |
| Head offices & consultancy | 487 | 467 | -20 |
| Real estate | 440 | 464 | +24 |
| Wholesale & retail trade | 442 | 398 | -44 |
| Employment services | 379 | 372 | -7 |
| Land transport & pipelines | 333 | 327 | -6 |
| Prof, scientific & tech | 321 | 264 | -57 |
| Human health | 260 | 247 | -13 |
| Financial services excl ins | 209 | 226 | +17 |
| Architecture & engineering | 227 | 228 | +1 |
| Manufacturing (metal) | 206 | 215 | +9 |
| Sports & recreation | 229 | 211 | -18 |
| Education | 174 | 204 | +30 |
| Building + Landscape services | 227 | 198 | -29 |
| Manufacturing (other) | 168 | 164 | -4 |
| Advertising & market research | 128 | 145 | +17 |
| Civil engineering | 125 | 145 | +20 |
Appointments by Firm — SPK Index
All 50 firms shown in the report, ordered by cumulative 2026 SPK rank, not monthly points. Monthly rank is shown separately. SPK Index points measure weighted appointment complexity; they are not appointment counts.
| YTD rank | Firm | 2026 SPK | Sep SPK | Sep rank | Sep appointments | Admin/CVA | CVL/Other | MVL | 2026 appointments |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Begbies Traynor | 11,407 | 1,510 | 1 | 235 | 20 | 164 | 51 | 2207 |
| 2 | FRP Advisory | 10,756 | 773 | 2 | 114 | 11 | 76 | 27 | 1087 |
| 3 | Leonard Curtis | 4,588 | 360 | 5 | 82 | 4 | 48 | 30 | 737 |
| 4 | Interpath | 3,877 | 769 | 3 | 27 | 10 | 5 | 12 | 167 |
| 5 | Quantuma | 3,433 | 345 | 6 | 48 | 9 | 26 | 13 | 516 |
| 6 | PwC | 2,612 | 424 | 4 | 21 | 1 | 4 | 16 | 121 |
| 7 | SFP | 2,429 | 182 | 10 | 75 | 1 | 55 | 19 | 899 |
| 8 | Opus | 1,831 | 253 | 7 | 49 | 4 | 33 | 12 | 350 |
| 9 | RSM | 1,779 | 230 | 9 | 13 | 3 | 3 | 7 | 91 |
| 10 | BDO | 1,564 | 237 | 8 | 23 | 4 | 7 | 12 | 157 |
| 11 | KR8 | 1,478 | 132 | 14 | 4 | 3 | 1 | 0 | 41 |
| 12 | KBL Advisory | 1,049 | 155 | 12 | 12 | 3 | 8 | 1 | 95 |
| 13 | KRE Corporate Recovery | 1,009 | 31 | 62 | 12 | 0 | 6 | 6 | 117 |
| 14 | Alvarez & Marsal | 1,004 | 135 | 13 | 3 | 3 | 0 | 0 | 19 |
| 15 | FTI Consulting | 1,003 | 7 | 165 | 1 | 0 | 1 | 0 | 13 |
| 16 | EY | 946 | 113 | 17 | 18 | 0 | 5 | 13 | 62 |
| 17 | Moorfields Advisory | 940 | 20 | 83 | 8 | 0 | 6 | 2 | 69 |
| 18 | S&W | 909 | 124 | 16 | 8 | 4 | 3 | 1 | 66 |
| 19 | JT Maxwell | 884 | 28 | 66 | 14 | 0 | 14 | 0 | 239 |
| 20 | FTS Recovery | 882 | 19 | 90 | 8 | 0 | 7 | 1 | 153 |
| 21 | Leading Business Services | 875 | 59 | 34 | 32 | 0 | 27 | 5 | 432 |
| 22 | Kroll | 835 | 58 | 36 | 3 | 1 | 0 | 2 | 41 |
| 23 | Grant Thornton | 830 | 129 | 15 | 28 | 0 | 2 | 26 | 103 |
| 24 | Antony Batty & Co | 818 | 71 | 27 | 20 | 1 | 14 | 5 | 165 |
| 25 | Marshall Peters | 772 | 51 | 43 | 22 | 0 | 21 | 1 | 161 |
| 26 | Teneo | 756 | 161 | 11 | 14 | 1 | 0 | 13 | 50 |
| 27 | Forvis Mazars | 741 | 52 | 40 | 15 | 0 | 5 | 10 | 88 |
| 28 | CG & Co | 696 | 91 | 19 | 6 | 2 | 4 | 0 | 94 |
| 29 | Alix Partners | 675 | 80 | 23 | 1 | 1 | 0 | 0 | 5 |
| 30 | Anderson Brookes | 666 | 72 | 26 | 41 | 0 | 40 | 1 | 360 |
| 31 | Cowgills | 644 | 22 | 78 | 11 | 0 | 7 | 4 | 113 |
| 32 | Parker Andrews | 617 | 86 | 21 | 18 | 1 | 14 | 3 | 137 |
| 33 | MHA | 565 | 27 | 67 | 8 | 0 | 3 | 5 | 66 |
| 34 | Dow Schofield Watts | 550 | 91 | 20 | 4 | 2 | 1 | 1 | 26 |
| 35 | AMS business recovery | 513 | 22 | 79 | 11 | 0 | 11 | 0 | 99 |
| 36 | Parker Walsh Corporate Recovery | 497 | 40 | 54 | 20 | 0 | 19 | 1 | 182 |
| 37 | Purnells | 478 | 36 | 57 | 19 | 0 | 13 | 6 | 158 |
| 38 | Abbey Taylor Jones Limited | 459 | 64 | 30 | 12 | 1 | 11 | 0 | 88 |
| 39 | Oury Clark | 458 | 80 | 23 | 2 | 2 | 0 | 0 | 31 |
| 40 | Currie Young | 455 | 16 | 99 | 10 | 0 | 10 | 0 | 80 |
| 41 | Turpin Barker Armstrong | 447 | 43 | 49 | 7 | 1 | 6 | 0 | 93 |
| 42 | PKF Littlejohn | 445 | 12 | 129 | 4 | 0 | 1 | 3 | 58 |
| 43 | Clarke Bell | 443 | 31 | 62 | 17 | 0 | 8 | 9 | 236 |
| 44 | RG Insolvency | 440 | 102 | 18 | 11 | 2 | 7 | 2 | 135 |
| 45 | CBA Business Solutions | 436 | 23 | 75 | 10 | 0 | 10 | 0 | 94 |
| 46 | CMB Partners UK | 427 | 78 | 25 | 17 | 1 | 13 | 3 | 160 |
| 47 | Azets | 408 | 63 | 31 | 12 | 1 | 3 | 8 | 93 |
| 48 | Coots And Boots | 403 | 81 | 22 | 7 | 2 | 3 | 2 | 31 |
| 49 | BK Plus | 397 | 62 | 32 | 3 | 2 | 1 | 0 | 71 |
| 50 | Frost Group | 390 | 22 | 77 | 11 | 0 | 2 | 9 | 188 |
Individual Practitioner Rankings
The source withholds all individual names because consent has not been given. That anonymisation is preserved. Firm labels truncated in the source remain truncated here; no identity has been inferred.
| YTD rank | Name | Firm | Region | 2026 SPK | Sep SPK | Sep rank | Sep appointments | 2026 appointments |
|---|---|---|---|---|---|---|---|---|
| 1 | Consent not given* | SFP | London | 1,681 | 152 | 4 | 74 | 878 |
| 2 | Consent not given* | FRP Advisory | London | 1,067 | 0 | - | - | 37 |
| 3 | Consent not given* | JT Maxwell | 933 | 31 | 50 | 15 | 241 | |
| 4 | Consent not given* | Leading Business Ser.. East of England | 815 | 58 | 19 | 32 | 432 | |
| 5 | Consent not given* | FRP Advisory | London | 757 | 0 | - | - | 26 |
| 6 | Consent not given* | Begbies Traynor | London | 695 | 6 | 124 | 4 | 39 |
| 7 | Consent not given* | Begbies Traynor | London | 680 | 4 | 133 | 3 | 50 |
| 8 | Consent not given* | FRP Advisory | London | 531 | 3 | 137 | 1 | 24 |
| 9 | Consent not given* | Interpath | London | 523 | 139 | 5 | 3 | 19 |
| 10 | Consent not given* | KR8 | 501 | 59 | 18 | 3 | 28 | |
| 11 | Consent not given* | Parker Walsh Corpora.. | 497 | 40 | 37 | 20 | 182 | |
| 12 | Consent not given* | Begbies Traynor | London | 484 | 45 | 26 | 23 | 230 |
| 13 | Consent not given* | Interpath Yorkshire / Humber | 477 | 116 | 6 | 7 | 18 | |
| 14 | Consent not given* | Leonard Curtis | 466 | 65 | 13 | 4 | 34 | |
| 15 | Consent not given* | KBL Advisory | 465 | 74 | 12 | 9 | 85 | |
| 16 | Consent not given* | PwC Yorkshire / Humber | 446 | 0 | - | - | 6 | |
| 17 | Consent not given* | Begbies Traynor | London | 421 | 170 | 1 | 9 | 32 |
| 18 | Consent not given* | KBL Advisory | 411 | 59 | 17 | 8 | 70 | |
| 19 | Consent not given* | Interpath Yorkshire / Humber | 404 | 79 | 11 | 2 | 11 | |
| 20 | Consent not given* | FRP Advisory | 396 | 22 | 69 | 12 | 111 | |
| 21 | Consent not given* | PwC Yorkshire / Humber | 389 | 0 | - | - | 3 | |
| 22 | Consent not given* | SFP | London | 387 | 15 | 93 | 1 | 19 |
| 23 | Consent not given* | Frost Group East Midlands | 358 | 20 | 74 | 11 | 188 | |
| 24 | Consent not given* | SFP | London | 353 | 15 | 93 | 1 | 17 |
| 25 | Consent not given* | Small Business Rescu.. | London | 353 | 46 | 25 | 20 | 139 |
| 26 | Consent not given* | FTS Recovery | 352 | 4 | 131 | 2 | 88 | |
| 27 | Consent not given* | PwC Yorkshire / Humber | 349 | 0 | - | - | 1 | |
| 28 | Consent not given* | Quantuma | 346 | 30 | 53 | 5 | 69 | |
| 29 | Consent not given* | Marshall Peters | 344 | 21 | 72 | 16 | 131 | |
| 30 | Consent not given* | Anderson Brookes | 343 | 38 | 40 | 41 | 359 | |
| 31 | Consent not given* | Marshall Peters | 341 | 21 | 72 | 16 | 130 | |
| 32 | Consent not given* | Moorfields Advisory | London | 327 | 6 | 121 | 5 | 43 |
| 33 | Consent not given* | FTS Recovery | 325 | 5 | 125 | 5 | 110 | |
| 34 | Consent not given* | Purnells | 322 | 26 | 61 | 15 | 127 | |
| 35 | Consent not given* | DSI Business Recover.. Yorkshire / Humber | 322 | 30 | 51 | 15 | 164 | |
| 36 | Consent not given* | Anderson Brookes | 321 | 34 | 43 | 39 | 346 | |
| 37 | Consent not given* | Quantuma | London | 316 | 24 | 64 | 1 | 18 |
| 38 | Consent not given* | Quantuma | 313 | 30 | 53 | 5 | 73 | |
| 39 | Consent not given* | Kroll | 313 | 4 | 131 | 2 | 29 | |
| 40 | Consent not given* | KRE Corporate Recove.. | 300 | 14 | 99 | 9 | 61 | |
| 41 | Consent not given* | KR8 | 300 | 27 | 57 | 2 | 19 | |
| 42 | Consent not given* | BDO Yorkshire / Humber | 300 | 34 | 44 | 4 | 21 | |
| 43 | Consent not given* | Leonard Curtis | 299 | 0 | - | - | 23 | |
| 44 | Consent not given* | Parker Andrews East of England | 298 | 43 | 30 | 18 | 136 | |
| 45 | Consent not given* | Springfields Busines.. East Midlands | 298 | 16 | 85 | 7 | 48 | |
| 46 | Consent not given* | FRP Advisory | London | 298 | 9 | 117 | 2 | 25 |
| 47 | Consent not given* | Sanderlings LLP | Midlands | 296 | 44 | 28 | 10 | 50 |
| 48 | Consent not given* | Rushtons Insolvency Yorkshire / Humber | 295 | 11 | 104 | 4 | 66 | |
| 49 | Consent not given* | Begbies Traynor | London | 293 | 168 | 2 | 9 | 43 |
| 50 | Consent not given* | Interpath | 286 | 6 | 123 | 3 | 13 |
Appointments by Region — Cumulative 2026
North East
- Begbies Traynor146
- FRP Advisory145
- KRE Corporate Recovery29
- RMT26
- Business Rescue Expert26
- Northpoint22
- KBL Advisory21
- SFP16
North West
- Leonard Curtis263
- Anderson Brookes159
- Begbies Traynor151
- FRP Advisory146
- Clarke Bell83
- Marshall Peters73
- Cowgills73
- JT Maxwell69
Yorkshire / Humber
- Begbies Traynor186
- FRP Advisory130
- DSI Business Recovery122
- XL Business Solutions87
- Leonard Curtis69
- Clark Business Recovery68
- PwC58
- Redman Nichols Butler55
Midlands
- Begbies Traynor148
- Butcher Woods105
- PwC97
- Leonard Curtis70
- Griffin and King Ltd56
- FRP Advisory52
- Currie Young50
- BDO49
East Midlands
- Begbies Traynor72
- Frost Group71
- CFS Restructuring45
- FRP Advisory32
- FTS Recovery30
- Springfields Business Recovery &27
- Bridgewood Financial Solutions24
- CBA Business Solutions23
East of England
- Begbies Traynor251
- Leading Business Services172
- FRP Advisory85
- BRI Business Recovery & Insolven58
- Parker Andrews55
- SFP43
- McTear, Williams and Wood40
- Larking Gowen Insolvency & Reco31
South East
- Begbies Traynor587
- FRP Advisory359
- Quantuma272
- SFP197
- Opus136
- Leonard Curtis114
- Leading Business Services78
- AABRS73
South West
- Begbies Traynor142
- Purnells69
- Kirks Insolvency56
- FRP Advisory53
- Undebt.co.uk49
- Monahans43
- SFP42
- Leonard Curtis40
London
- Begbies Traynor434
- SFP388
- FRP Advisory239
- CMB Partners UK106
- Interpath86
- Quantuma84
- Antony Batty & Co75
- EY57
Wales
- McAlister & Co56
- Begbies Traynor55
- Stones & Co43
- Leonard Curtis35
- Purnells31
- SFP20
- Anderson Brookes17
- Hawkins Insolvency16
Scotland
- Begbies Traynor148
- Quantuma93
- Johnston Carmichael62
- Revolution RTI55
- AAB52
- FRP Advisory49
- Interpath46
- Robb Advisory42
Northern Ireland
- McKeague Morgan40
- Keenan Corporate Finance18
- McAleer Jackson10
- AAB10
- McCambridge Duffy10
- Cooper Parry9
- Rachel Fowler advisory8
- Begbies Traynor8
Values are firm appointment counts, not regional market totals. Eight reported leaders are shown per region.
SPK Index by Region — Cumulative 2026
North East
- FRP Advisory1,839
- Begbies Traynor1,119
- Interpath227
- KBL Advisory209
- KRE Corporate Recovery152
- RMT151
- Leonard Curtis139
- Business Rescue Expert75
North West
- FRP Advisory5,223
- Begbies Traynor2,258
- Leonard Curtis1,966
- KR8690
- Interpath460
- KBL Advisory450
- Cowgills424
- BDO342
Yorkshire / Humber
- PwC3,625
- FRP Advisory3,624
- Begbies Traynor2,334
- Interpath1,218
- Leonard Curtis540
- RSM449
- Rushtons Insolvency235
- DSI Business Recovery234
Midlands
- FRP Advisory1,202
- Begbies Traynor742
- Teneo632
- PwC589
- Leonard Curtis501
- BDO359
- Currie Young288
- KR8287
East Midlands
- FRP Advisory1,430
- Begbies Traynor901
- Springfields Business Recovery &199
- CFS Restructuring179
- RSM165
- Opus147
- Frost Group138
- EY107
East of England
- FRP Advisory3,391
- Begbies Traynor2,021
- Leading Business Services356
- Parker Andrews266
- McTear, Williams and Wood214
- SFP179
- BRI Business Recovery & Insolven177
- RSM132
South East
- FRP Advisory3,696
- Begbies Traynor3,248
- Quantuma1,698
- Oury Clark615
- Opus587
- SFP544
- Leonard Curtis452
- RSM447
South West
- Begbies Traynor766
- FRP Advisory615
- Leonard Curtis251
- Monahans229
- Interpath226
- Undebt.co.uk188
- Kirks Insolvency184
- Forvis Mazars182
London
- FRP Advisory12,094
- Begbies Traynor6,704
- FTI Consulting3,413
- Coots And Boots1,874
- Interpath1,544
- Quantuma1,103
- Alix Partners995
- SFP925
Wales
- Begbies Traynor348
- FRP Advisory200
- Leonard Curtis149
- McAlister & Co122
- SFP119
- Stones & Co100
- KR894
- Quantuma80
Scotland
- Interpath526
- Begbies Traynor388
- Alix Partners305
- FRP Advisory271
- BDO259
- Quantuma220
- FTI Consulting204
- Johnston Carmichael170
Northern Ireland
- Keenan Corporate Finance168
- McKeague Morgan130
- KPMG116
- Leonard Curtis75
- Begbies Traynor66
- JT Maxwell56
- RIADA Capital Partners46
- McCambridge Duffy35
Values are SPK Index points, not regional market totals. Eight reported leaders are shown per region.
Notable Insolvency Appointments
All 33 entries in the report’s September notification list. Filing details relate to the specified historic accounts, not necessarily the company’s position at appointment. Build A Rocket Boy’s reported appointment date is 27 August 2026; it appears here because the report covers notifications in September.
| IP firm | Date | Type | Largest company / website | Group size | Region | Latest filing details | Chargeholders of interest |
|---|---|---|---|---|---|---|---|
| PwC | 30-09-26 | Admin | NCP COMMERCIAL SERVICES LTD | 66 | London | Sep-2023, Turnover: £7.8m, Trade Debtors: £219k, Net Assets: £- 5.3m, Est PBT: £-4.2m | — |
| Interpath | 08-09-26 | Admin | HEADLAM GROUP PLC headlam.com | 2 | Midlands | Dec-2025, Turnover: £498.7m, Trade Debtors: £60.2m, Debts: £66.7m, Other debts: £59.0m, Net Assets: £110.0m, Staff: 2215, Est PBT: £-69.6m | Barclays Bank, Lloyds Bank, Wells Fargo Capital |
| Begbies Traynor | 01-09-26 | CVA | ARDMORE GROUP LIMITED ardmoregroup.co.uk | 9 | London | Sep-2024, Turnover: £345.9m, Trade Debtors: £61.4m, Net Assets: £23.4m, Staff: 638, Est PBT: £-42.4m | — |
| Begbies Traynor | 07-09-26 | Admin | SUNSEEKER LONDON LIMITED sunseekerlondon.com | 2 | London | Dec-2024, Turnover: £246.1m, Trade Debtors: £1.8m, Debts: £105.8m, Net Assets: £33.8m, Staff: 120, Est PBT: £889k | Barclays Bank, Close Brothers |
| RSM | 14-09-26 | Admin | CAMBIUM NETWORKS LTD cambiumnetworks.com | 1 | London | Dec-2024, Turnover: £119.2m, Trade Debtors: £30.1m, Debts: £418k, Other debts: £50.5m, Net Assets: £-104.2m, Staff: 80, Est PBT: £- 53.1m | Bank of America, HSBC, JP Morgan |
| FRP Advisory | 15-09-26 | Admin | BREWERY SAPPHIRE LTD | 17 | North West | Nov-2025, Property Assets: £2.4m, Net Assets: £1.2m, Est PBT: £-5k | Allica Bank |
| Interpath | 18-09-26 | Admin | CLAYTON GLASS LIMITED claytonglass.com | 1 | North East | Mar-2025, Turnover: £49.1m, Trade Debtors: £11.6m, Debts: £11.9m, Net Assets: £3.3m, Staff: 686, Est PBT: £3.1m | Santander |
| Interpath | 30-09-26 | Admin | GOWER FURNITURE LIMITED gower- furniture.co.uk | 1 | London | Dec-2024, Net Assets: £5.0m, Staff: 134, Est PBT: Not available | Cynergy Business Finance |
| Interpath | 18-09-26 | Admin | WILLIAM JOHN (HV) PLC williamjohn.co.uk | 1 | London | Jul-2024, Turnover: £23.6m, Debts: £24k, Other debts: £89.2m, Net Assets: £168.9m, Est PBT: £1.6m | — |
| Alix Partners | 09-09-26 | Admin | MGE KOREA LIMITED | 1 | London | Sep-2024, Net Assets: £84.4m, Est PBT: £-59.2m | — |
| Begbies Traynor | 01-09-26 | CVA | CELEBRATION HOMES LIMITED | 1 | London | Sep-2024, Trade Debtors: £5k, Property Assets: £18.3m, Net Assets: £5.2m, Est PBT: £333k | Cohort Capital, Solutus Advisors |
| Begbies Traynor | 16-09-26 | Admin | MEDICARE EMS GROUP UK LIMITED | 1 | South East | Dec-2024, Turnover: £15.4m, Trade Debtors: £1.7m, Debts: £5.3m, Net Assets: £543k, Staff: 129, Est PBT: £792k | HSBC, HSBC Invoice Finance, Santander |
| Alvarez & Marsal | 18-09-26 | Admin | OVENDEN PAPERS LIMITED ovendenpapers.co.uk | 1 | South East | Mar-2025, Turnover: £37.9m, Trade Debtors: £9.9m, Debts: £6.9m, Net Assets: £3.3m, Staff: 54, Est PBT: £-1.3m | Praetura |
| Interpath | 23-09-26 | Admin | SALEM TUBE INTERNATIONAL LIMITED salemtube.net | 1 | North East | Sep-2024, Turnover: £19.1m, Trade Debtors: £2.9m, Debts: £2.1m, Other debts: £3.0m, Net Assets: £4.6m, Staff: 35, Est PBT: £33k | Santander |
| KBL Advisory | 25-09-26 | Admin | KENNEDY PEARCE CONSULTING LIMITED kennedypearce.co.. | 4 | London | Sep-2025, Trade Debtors: £944k, Debts: £655k, Net Assets: £-2.1m, Staff: 20, Est PBT: £-887k | Skipton Business Finance |
| Opus | 23-09-26 | Admin | BUILD A ROCKET BOY LTD. buildarocketboy.com | 1 | Scotland | Sep-2025, Turnover: £4.6m, Trade Debtors: £29k, Other debts: £16.6m, Net Assets: £10.5m, Staff: 481, Est PBT: £-64.1m | — |
| FRP Advisory | 27-08-26 | Admin | PAGE AUTOMOTIVE GROUP LIMITED page- automotive.co.u.. | 1 | South West | Dec-2024, Turnover: £24.2m, Trade Debtors: £1.9m, Debts: £541k, Other debts: £136k, Net Assets: £-560k, Staff: 144, Est PBT: £-821k | Close Brothers, Natwest |
| Interpath | 24-09-26 | Admin | DESIGNERS GUILD LIMITED designersguild.com | 1 | London | Mar-2024, Turnover: £35.9m, Trade Debtors: £4.1m, Net Assets: £6.2m, Staff: 165, Est PBT: £-3.8m | Close Brothers |
| Dow Schofield Watts | 30-09-26 | Admin | DLP PLANNING LIMITED dlpconsultants.co.uk | 2 | East of England | Mar-2024, Trade Debtors: £727k, Debts: £89k, Property Assets: £3k, Net Assets: £2.0m, Staff: 58, Est PBT: £454k | Natwest |
| BDO | 07-09-26 | Admin | SCOTPHARM (MNA) LIMITED | 1 | Scotland | Oct-2024, Turnover: £26.7m, Trade Debtors: £1.5m, Debts: £13.0m, Other debts: £9.9m, Net Assets: £-2.5m, Staff: 263, Est PBT: £-2.9m | Metro Bank |
| Begbies Traynor | 22-09-26 | Admin | BHGS LIMITED bhgsltd.co.uk | 1 | Midlands | Jun-2025, Turnover: £30.2m, Trade Debtors: £3.4m, Property Assets: £185k, Net Assets: £2.1m, Staff: 59, Est PBT: £-149k | — |
| Armstrong Watson | 09-09-26 | Admin | SINGULAR HOMES LIMITED | 1 | Midlands | Sep-2025, Debts: £7k, Other debts: £3.2m, Net Assets: £8k, Staff: 1, Est PBT: £-162k | Nexa Lending & Security Services |
| Hall Chadwick | 11-09-26 | Admin | OMC GLOBAL LIMITED theoxfordminibuscompany.c o.uk | 1 | South East | Oct-2024, Trade Debtors: £304k, Debts: £3.9m, Other debts: £336k, Net Assets: £381k, Staff: 34, Est PBT: £18k | Barclays Bank, Bizcap, Nucleus Commercial |
| RSM | 15-09-26 | Admin | S&PB RETAIL LIMITED sayersthebakers.co.uk | 1 | Yorkshire / Humber | Jun-2024, Turnover: £41.1m, Trade Debtors: £132k, Net Assets: £- 1.2m, Staff: 969, Est PBT: £-677k | — |
| Begbies Traynor | 01-09-26 | CVA | BYRNE ESTATES (KENSAL GREEN) LIMITED | 1 | London | Sep-2024, Trade Debtors: £2k, Property Assets: £4.8m, Net Assets: £3.3m, Est PBT: £64k | Solutus Advisors |
| Teneo | 25-09-26 | Admin | ITI CAPITAL LIMITED iticapital.com | 1 | London | Dec-2024, Turnover: £7.5m, Debts: £597k, Other debts: £177k, Net Assets: £12.2m, Staff: 25, Est PBT: £432k | — |
| BDO | 24-09-26 | Admin | LEIGH SPINNERS LIMITED leighspinners.com | 1 | North West | Feb-2025, Trade Debtors: £556k, Debts: £261k, Net Assets: £406k, Staff: 41, Est PBT: £-784k | Cynergy Business Finance, Natwest |
| KR8 | 08-09-26 | Admin | SOUTH HATCH SURREY LTD | 1 | London | Mar-2025, Net Assets: £-41k, Est PBT: £-10k | Downing |
| Begbies Traynor | 17-09-26 | Admin | BARKER HOMES MAIDENHEAD LTD | 1 | East of England | Dec-2023, Debts: £7.7m, Net Assets: £0k, Staff: 1, Est PBT: Not available | Hampshire Trust |
| Quantuma | 22-09-26 | Admin | LACED EUROPE LTD laced.com | 1 | London | Apr-2024, Turnover: £36.6m, Debts: £478k, Net Assets: £1.3m, Staff: 71, Est PBT: £-4.4m | — |
| Begbies Traynor | 15-09-26 | Admin | RESTORE CASTLE HILL FARM LTD | 1 | London | Nov-2024, Debts: £1.1m, Net Assets: £1k, Staff: 2, Est PBT: £-161k | Sonic Funding, Triple Point |
| Kroll | 24-09-26 | Admin | INTERESTME ADVISERS LIMITED | 4 | London | Jan-2025, Turnover: £1.2m, Trade Debtors: £43k, Debts: £29k, Net Assets: £873k, Staff: 13, Est PBT: £52k | Natwest |
| Parker Andrews | 10-09-26 | Admin | CREOATE LIMITED creoate.com | 1 | London | Mar-2025, Net Assets: £9.8m, Staff: 27, Est PBT: £3.1m | — |
Appointments and Lenders
The source’s full lender/firm matrix totals 791 lender–appointment associations. Unlike the headline summary, this table is not adjusted for group appointments and includes Official Receiver entries. It is not a count of unique insolvencies, loan balances or lender losses. Abbreviated labels follow the source.
| Lender | Begbies Traynor | The Official Re.. | FRP Advisory | Leonard Curtis | Quantuma | SFP | 6 - Appointments / lenders in September 2026 Forvis Mazars | Interpath | Opus | KR8 | Richard J Smith.. | Pwc | JT Maxwell | Mackay Goodwin | Antony Batty & .. | Purnells | Marshall Peters | Westgates Restr.. | BDO | KBL Advisory | Butcher Woods | RSM | KRE Corporate R.. | AMS business re.. | Anderson Brooke.. | Not adjusted for group appointments FTS Recovery | BRI Business Re.. | Others | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC | 26 | 11 | 15 | 5 | 1 | 4 | 1 | 1 | 3 | 1 | 0 | 1 | 4 | 1 | 2 | 2 | 0 | 2 | 1 | 0 | 0 | 2 | 4 | 2 | 0 | 0 | 0 | 45 | 134 |
| Natwest | 8 | 10 | 4 | 2 | 1 | 1 | 2 | 0 | 0 | 1 | 2 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 2 | 36 | 78 |
| Barclays Bank | 10 | 3 | 7 | 1 | 7 | 0 | 1 | 1 | 0 | 0 | 1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 3 | 0 | 35 | 77 |
| Lloyds Bank | 7 | 5 | 5 | 1 | 2 | 0 | 1 | 1 | 1 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 19 | 49 |
| Bizcap | 4 | 4 | 1 | 1 | 2 | 2 | 0 | 0 | 1 | 2 | 1 | 0 | 2 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | 15 | 43 |
| eCapital Commercial Fi.. | 4 | 1 | 4 | 1 | 1 | 1 | 1 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 16 | 34 |
| Lloyds Commercial Fina.. | 5 | 1 | 0 | 0 | 2 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 11 | 26 |
| RBS | 4 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 22 |
| Bibby Finance | 3 | 2 | 2 | 1 | 0 | 1 | 0 | 1 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 22 |
| Close Brothers | 4 | 2 | 2 | 1 | 0 | 0 | 3 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 18 |
| Santander | 3 | 0 | 0 | 1 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 5 | 13 |
| Time Finance | 0 | 0 | 2 | 3 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 12 |
| Together Commercial Fi.. | 1 | 2 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 12 |
| RBS Invoice Finance | 4 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 12 |
| HSBC Invoice Finance | 5 | 0 | 2 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 11 |
| Skipton Business Finan.. | 1 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 2 | 9 |
| Ultimate Finance | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 4 | 9 |
| 4SYTE | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 9 |
| Allica Bank | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 3 | 8 |
| Zodeq | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 8 |
| Clydesdale bank | 0 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 8 |
| Liberty Leasing | 0 | 3 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 7 |
| Close Brothers Invoice.. | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 6 |
| Novuna | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 6 |
| Optimum SME Finance | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 |
| Reward Finance Group | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 6 |
| Shawbrook Bank | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 6 |
| Yorkshire Bank | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 5 |
| Simply Funded | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 5 |
| Nucleus Commercial Fin.. | 0 | 2 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| Others | 20 | 17 | 15 | 11 | 8 | 9 | 3 | 4 | 3 | 3 | 2 | 2 | 1 | 0 | 1 | 3 | 3 | 2 | 3 | 1 | 2 | 4 | 1 | 2 | 0 | 1 | 0 | 4 | 125 |
| Total | 118 | 72 | 67 | 31 | 30 | 18 | 18 | 14 | 13 | 13 | 12 | 10 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 6 | 6 | 257 | 791 |
Notable Members’ Voluntary Liquidations
The 11 notable MVL entries shown in the report. An MVL is a solvent winding-up procedure, not evidence that the business is insolvent. Group sizes are reported for each entry and should not be added as unique companies across overlapping groups.
| IP firm | Date | Type | Largest company / website | Group size | Region | Latest filing details | Chargeholders of interest |
|---|---|---|---|---|---|---|---|
| PwC | 23-09-26 | MVL | IMPACT FINANCE 3 LIMITED | 18 | London | Dec-2024, Turnover: £9.0m, Debts: £46.3m, Net Assets: £128.9m, Est PBT: £13.3m | — |
| PwC | 23-09-26 | MVL | IMPACT HOLDCO 3 LIMITED | 18 | London | Dec-2024, Turnover: £17.3m, Net Assets: £128.9m, Est PBT: £13.3m | — |
| Grant Thornton | 24-09-26 | MVL | BROADSTONE CONSULTANTS & ACTUARIES LIMITED 4m.. | 8 | North West | Jun-2025, Turnover: £15.3m, Trade Debtors: £25.3m, Net Assets: £18.3m, Staff: 127, Est PBT: £3.1m | — |
| FRP Advisory | 14-09-26 | MVL | WSH HOSPITALITY LIMITED | 16 | South East | Dec-2024, Net Assets: £230.3m, Est PBT: £22.5m | — |
| EY | 30-09-26 | MVL | NOVARTIS GRIMSBY LIMITED novartis.com | 10 | Yorkshire / Humber | Dec-2024, Net Assets: £267.2m, Est PBT: £11.5m | — |
| Grant Thornton | 29-09-26 | MVL | SENIOR LIVING URBAN (BATH) LIMITED legalandge.. | 11 | London | Dec-2024, Net Assets: £17.9m, Est PBT: £-12k | — |
| Opus | 28-09-26 | MVL | LARTINGTON ESTATES LIMITED | 4 | South East | Mar-2026, Trade Debtors: £0k, Property Assets: £14.2m, Net Assets: £18.4m, Staff: 3, Est PBT: £-3.6m | — |
| Moore Kingston .. | 28-09-26 | MVL | MARS DEBTCO LIMITED | 3 | London | Dec-2024, Turnover: £92.2m, Trade Debtors: £11.8m, Other debts: £288k, Net Assets: £85.7m, Staff: 126, Est PBT: £18.5m | — |
| Teneo | 29-09-26 | MVL | AGMAN INTERMEDIARY LIMITED | 2 | Midlands | Sep-2024, Net Assets: £319.7m, Est PBT: £-19.7m | Rabobank |
| Pwc | 30-09-26 | MVL | STAR UK HOLDCO LIMITED | 4 | South East | Dec-2024, Net Assets: £396.0m, Est PBT: £-19k | — |
| FRP Advisory | 23-09-26 | MVL | PE TITAN HOLDING LIMITED | 6 | London | Dec-2024, Turnover: £1095.1m, Trade Debtors: £191.5m, Debts: £2113.1m, Other debts: £120.3m, Net Assets: £27.2m, Staff: 4216, Est PBT: £-77.8m | — |
Methodology and Caveats
Coverage: Spark’s figures differ from official insolvency statistics because most tables exclude Official Receiver appointments, aggregate group companies and include members’ voluntary liquidations. The lender matrix is explicitly not group-adjusted.
Procedure groupings: Administration and company voluntary arrangements are grouped as Admin/CVA. MVLs are separate. Other includes primarily creditors’ voluntary liquidations, with some non-Official Receiver compulsory liquidations and other procedures. Receiver/Manager appointments are ignored.
Counting: Multiple practitioners from the same firm on one case are treated as one firm appointment. Where practitioners are from different firms, each firm is counted. Individual practitioner tables count each practitioner’s appointment separately.
Firm allocation: Practitioner-to-firm matching uses multiple sources and, in some cases, AI. Practitioner moves make this a challenging dataset; the source cautions that 2025 comparisons may be particularly susceptible to allocation errors.
SPK Index: Spark’s proprietary scoring starts with procedure type and adjusts for company size and complexity, including property holdings, secured lenders and group structure. Points are shared equally among co-appointed practitioners.
Regions and lender flags: Regions use the company’s original trading address, or the practitioner’s address where that is unavailable. “With lender” means an appointment with an active lender debenture. A listed chargeholder does not establish the current balance owed.
Source and reuse: Adapted from Spark UK Insolvency Intelligence — September 2026, supplied by Spark Finance Group Plc. Contains public sector information licensed under the Open Government Licence v3.0. Spark’s analysis and proprietary SPK methodology are distinct from the underlying public-sector information. Errors and omissions may occur.
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Frequently Asked Questions
How many appointments were recorded in September 2026?
There were 2,277 appointments, up 10 (0.4%) on September 2025. This comprises 125 Admin/CVA appointments, 590 MVLs and 1,562 CVL/Other appointments, excluding Official Receiver and subsidiary appointments.
Which firm led the SPK Index?
Begbies Traynor led September with 1,510 SPK points and the cumulative 2026 ranking with 11,407 points. FRP Advisory followed cumulatively on 10,756.
Are MVLs insolvencies?
Members’ voluntary liquidations are solvent winding-up procedures. They are included in this report’s appointment totals but should not be described as insolvent business failures.
Why does the lender table have a different scope?
The lender matrix is not adjusted for group appointments and includes Official Receiver entries. Its 791 total represents lender–appointment associations, not unique cases or lender losses.