Insolvency Service publishes BBL default data
The Insolvency Service has published a data report showing that 114,752 bounce back loan (BBL) facilities were held by dissolved or liquidated companies as of 31 March 2025. Of these facilities, 73,977 have defaulted, while 38,454 were fully repaid. The data (covering England, Wales and Scotland) illustrates that 51,413 facilities were held by dissolved companies, 4,684 by companies in compulsory liquidation, and 58,655 by companies in creditors' voluntary liquidation. The data report reveals additional complexities in the BBL scheme's performance, with 542 facilities still marked as 'repaying' and 1,779 having had their guarantees removed. The British Business Bank (BBB) notes that facilities marked as 'repaying' likely represent recent dissolutions or data reporting issues—as dissolved companies would typically cease making payments. Cases where guarantees were removed often indicate either data entry errors or situations where lenders voluntarily withdrew from guarantee coverage.
CONTACT US
