The Insolvency Service has published its 2025–26 Annual Report and Accounts, stating that it returned £42.7 million to creditors and the wider economy while increasing enforcement activity and supporting individuals and businesses experiencing financial difficulty. The agency handled 11,668 insolvency cases, processed 70,633 redundancy payments, approved 48,344 Debt Relief Orders and granted 80,542 Breathing Space protections. Enforcement activity included the disqualification of 1,153 directors for misconduct, 185 live company investigations and 163 criminal prosecutions, alongside increased action against economic crime, money laundering and abusive phoenix companies through enhanced powers and closer collaboration with Companies House. The report also highlights continued investment in modernising services, including a new digital Debt Relief Order service, artificial intelligence, automation and a new case management system, and notes a £25 million government investment to strengthen action against abusive phoenixism and director misconduct.