Scottish business insolvencies increase 22%

16th November 2022

Business

Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in October.

The figures show that there were 82 business insolvencies registered in Scotland, 22% higher than the number in October 2021 and 1% higher than in October 2019.

The business insolvencies comprised of 19 compulsory liquidations, 55 CVLs and eight administrations.

There were no CVAs or receivership appointments.

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Scottish business insolvencies increase 22%

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