Member

I will offer briefly the relevant background to that important national institution, the Insolvency Service. In the UK, there are around 1,500 insolvency practitioners but only some 800 of these actively take appointments. It is one of the most highly regulated professions in the country. It has one of the most difficult exams to pass. To take the most recent example, in November 2024, of 172 applicants sitting both exams, only 10 of them passed. Partly because of this, more IPs are retiring each year than are qualified.