- Latest figures from the Accountant in Bankruptcy (AiB) show there were 375 corporate insolvencies registered in Scotland in the first quarter of 2026, an increase of 27.6% on the same period last year. The number of compulsory liquidations rose to 169 from 127 while creditors’ voluntary liquidations increased by 23.4%. There were 199 members’ voluntary liquidations compared to 128, an increase of 55.5%.
Blair Milne, Glasgow-based corporate insolvency partner at international accountancy and business advisory group Azets (pictured), said: “The trading climate remains tough and it is clear the conflict in the Gulf is already taking a toll on cashflow and balance sheets just as it is on inflation. Firms who were already struggling…