Scottish Business insolvencies fall 4%

20th May 2024

Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland fell by 4% in April 2024.

In April 2024 there were 109 company insolvencies registered in Scotland, 4% lower than the number in April 2023.

The insolvencies comprised of 48 compulsory liquidations, 59 CVLs, and 2 administrations. There were no CVAs or receivership appointments.

The total insolvency rate in Scotland in the 12 months to April 2024 was 52.7 per 10,000 companies on the effective register. This was up by 0.6 from the preceding 12 months ending April 2023.