Scottish Company Insolvencies Rise by 5% Amid Debt Challenges

During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year. Data from the Insolvency Service reveals this includes: 55 creditors’ voluntary liquidations (CVLs) 54 compulsory liquidations 5 administrations No company voluntary arrangements or receivership appointments were recorded. Historically, compulsory liquidations were the dominant type of insolvency in Scotland.…

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R3 responds to November 2024 insolvency statistics

Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, says: “The monthly rise in corporate insolvencies is due…