Scottish Corporate Insolvencies Increase by 41% in September
According to the latest figures, there were 103 company insolvencies registered in Scotland in September, a 41% increase compared to the same month last year.
- 50 company voluntary liquidations
- 48 compulsory liquidations
- 5 administrations
The total insolvency rate in Scotland for the 12 months to September was 52.2 per 10,000 companies, down by 0.3 from the preceding 12 months.
Next month’s Budget will be decisive in shaping the near-term operating landscape - Michelle Elliot, restructuring advisory partner at FRP in Glasgow
The data from Accountant in Bankruptcy also showed 3 restructuring plans and 1 moratorium in Scotland between June 2020 and September 2025.
Author's summary: Scottish corporate insolvencies rise 41% in September.
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