The Insolvency Service has published its latest figures which indicate that in August 2020 Scottish company insolvencies decreased by 43%.

There were 44 company insolvencies in Scotland, a reduction of 43% in comparison to August 2019.

This comprised of 19 compulsory liquidations, 21 CVLs, three administrations and one CVA.

There were no receivership appointments.

Historically the volume of company insolvencies in Scotland have been driven by compulsory liquidations. However, since April 2020 the numbers of CVLs have been higher than compulsory liquidations in four out of five subsequent months including the most recent month.