Scottish business insolvency figures remain low

17th March 2021

Latest figures released by the Accountant in Bankruptcy (AIB) have shown that Scottish business insolvencies continued to remain low in February 2021

In February there were 26 company insolvencies registered in Scotland, 70% lower than in February 2020.

The figures comprised of 7 compulsory liquidations, 16 CVLs, two administrations, and one CVA. There were no receivership appointments.

Historically the volume of company insolvencies registered in Scotland has been driven by compulsory liquidations. However, since April 2020 the numbers of registered CVLs have been higher than registered compulsory liquidations in nine out of 11 subsequent months.

Overall, numbers of registered company insolvencies have remained low since the start of the first UK lockdown in March 2020.

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Scottish business insolvency figures remain low

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