The number of businesses going bust in Scotland has risen as firms continue to face challenges amid a tough economic climate.
According to the latest figures from Accountants in Bankruptcy (AiB) – Scotland’s insolvency service – there were 1,175 corporate insolvencies in the year 2024-2025, an increase from the previous year’s figure of figure of 1,168.
This represents a rise of almost 4 per cent on 2022-2023’s figure of 1,132.
The increase has been put down to a greater willingess from creditors to pursue debts, with HMRC the largest and most common applicant to issue a winding-up order in an attempt to recover money for public purse.
Private sector creditors have also been following the trend in an effort to balance their own…
