Scottish business insolvencies saw a significant year-on-year decrease in December 2024, despite the overall annual figures remaining stable. The latest data reveals a complex picture of Scotland’s economic health as the country navigates through challenging times.
In December 2024, there were 82 company insolvencies registered in Scotland, marking a substantial 24% decrease compared to the same month in the previous year.
This decline is particularly noteworthy given the broader economic context and suggests a potential easing of financial pressures on Scottish businesses as the year came to a close.
Annual Stability
Despite the December drop, the total number of insolvencies in Scotland for the entire year of…
