Scottish business insolvencies increase by 58%

3rd August 2022

Latest quarterly figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased by 58%,

The figures showed that in Q2 2022, there were 261 total company insolvencies in Scotland, this was 58% higher than in the same quarter of 2021.

The business insolvencies comprised 44 compulsory liquidations, 208 CVLs, eight administrations and one CVA.

There were no receivership appointments.

The total liquidation rate in Scotland for the 12 months ending Q2 2022 was 41.9 per 10,000 active companies. This was up by 19 (from a rate of 22.9 per 10,000 active companies) from the 12 months ending Q2 2021.