Scottish business insolvencies continue to fall

19th May 2021

Latest figures released by Accountant in Bankruptcy (AIB) have indicated that Scottish business insolvencies continued to remain low in April 2021.

In April 2021 there were 38 company insolvencies registered in Scotland this was 17% lower than in April 2020 and 63% lower than in April 2019. The figures comprised of 9 compulsory liquidations, 28 CVLs, and one administration. There were no receivership appointments or CVAs.

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 11 out of 13 subsequent months.

Overall, numbers of registered company insolvencies have remained lower than pre-pandemic levels since the start of the first UK lockdown in March 2020

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Scottish business insolvencies continue to fall

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