Scottish business insolvencies in January 2021 fell by 68% when compared with January 2020 numbers.
The figures released by Accountant in Bankruptcy (AIB), Scotland’s Insolvency Service which administers company liquidations and receiverships in Scotland showed that there 23 company insolvencies this 68% lower than in January 2020.
The insolvencies comprised of 12 compulsory liquidations and 11 CVLs. There were no administrations, CVAs or receivership appointments. H
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 eight out of ten subsequent months.
Overall, numbers of registered company insolvencies have remained low since the start of the first UK lockdown in March 2020.