Scottish business insolvencies fall by 16%

16th October 2023

Latest figures from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvency numbers (liquidations and receiverships) decreased in September.

The figures showed that. in September 2023 there were 87 business insolvencies registered in Scotland, which was 16% lower than the number in September 2022.

The insolvencies comprised of 30 compulsory liquidations, 52 CVLs and five administrations.

There were no receivership appointments or CVAs.

Historically, the volume of company insolvencies registered in Scotland has been driven by compulsory liquidations. However, during the coronavirus pandemic, around three times as many CVLs as compulsory liquidations were registered. In the first nine months of 2023, CVL numbers remained more than 1.5 times higher than compulsory liquidation numbers.