R3: Creditor action fuels rise in Scottish business insolvencies

Annual statistics for the financial year 2024-2025 show a slight increase in corporate insolvencies in Scotland, contrasted by a notable decrease in personal insolvencies. There were 1,175 corporate insolvencies recorded, representing a marginal 0.6% rise from the previous year (1,168) and a 3.8% increase compared to 2022-2023 (1,132). In contrast, personal insolvencies dropped by 8.3%…