Insolvency-related activity rose by 17% in Scotland last month, says R3, the UK’s restructuring, turnaround and insolvency trade body. R3’s analysis of data provided by CreditSafe indicated an increase in insolvency-related activities from 106 in September to 124 in October.
October 2024 figures are 9% higher than the same period in 2024, which saw a spike in insolvency activity.
The monthly increase in insolvency-related activity which includes administrator and liquidator appointments together with creditors’ meetings is a trend mirrored in the vast majority of the rest of the UK, with a decrease only in Wales.
“The rise in insolvency-related activity in Scotland last month is a clear…