Scottish Corporate Insolvencies Increase by 41% in September
According to the latest figures, there were 103 company insolvencies registered in Scotland in September, a 41% increase compared to the same month last year.
The breakdown of insolvencies includes 50 company voluntary liquidations, 48 compulsory liquidations, and five administrations. No company voluntary arrangements or receivership appointments were reported.
- Company voluntary liquidations: 50
- Compulsory liquidations: 48
- Administrations: 5
Next month’s Budget will be decisive in shaping the near-term operating landscape - Michelle Elliot, restructuring advisory partner at FRP in Glasgow
The total insolvency rate in Scotland for the 12 months to September was 52.2 per 10,000 companies, down by 0.3 from the preceding 12 months.
Author's summary: Scottish corporate insolvencies rose 41% in September.
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