Recent figures from the third quarter of the 2024-2025 financial year – 1 October to 31 December 2024 – have revealed a mixed picture for insolvencies in Scotland, according to insolvency and restructuring trade body R3.
Corporate insolvencies, including liquidations and receiverships, totalled 285. This represents a 2.4% decrease compared to the same period in the previous year and an 8.9% drop from the preceding quarter. However, R3 in Scotland’s chair, Richard Bathgate, notes a significant shift within these figures.
Mr Bathgate, who is also restructuring rartner at Johnston Carmichael, said: “While corporate insolvency levels in Scotland have fallen compared to last…
