Scottish Business Insolvencies increase by 82%

20th June 2022

News

Latest figures from Accountant in Bankruptcy (AiB) have indicated that business insolvency numbers (liquidations and receiverships) in Scotland increased in May by 82%

In May 2022 there were 93 company insolvencies registered in Scotland, 82% higher than May 2021 and 19% higher than in May 2019. This was comprised of 19 compulsory liquidations, 68 CVLs, and six administrations. There were no CVAs or receivership appointments.

Between 26th June 2020 and 31st May 2022, in Scotland, no moratoriums were obtained and two companies had a restructuring plan registered at Companies House.

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Scottish Business Insolvencies increase by 82%

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