Scottish business insolvency numbers double in August

20th September 2021

News

Latest figures released by Accountant in Bankruptcy (AIB) have indicated that Scottish business insolvencies rose by 36% in August 2021.

In August 2021 there were 89 company insolvencies registered in Scotland, approximately double the number than in August 2020 and 13% higher than in August 2019. This was comprised of 11 compulsory liquidations, 76 CVLs and two administrations. There were no CVAs or receivership appointments.

Historically, the volume of company insolvencies registered in Scotland has been driven by compulsory liquidations. However, since April 2020, there have been more than twice as many CVLs as compulsory liquidations.

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Scottish business insolvency numbers double in August

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