During November, 114 company insolvencies were registered in Scotland, a 5% increase compared to the previous year.
Data from the Insolvency Service reveals this includes:
- 55 creditors’ voluntary liquidations (CVLs)
- 54 compulsory liquidations
- 5 administrations
No company voluntary arrangements or receivership appointments were recorded.
Historically, compulsory liquidations were the dominant type of insolvency in Scotland. However, since April 2020, CVLs have consistently outnumbered compulsory liquidations.
Between 26 June 2020 and 30 November 2024, Scotland saw just two restructuring plans and no moratoriums.
The total insolvency rate in Scotland for the 12 months to November 2024 was 53.2 per…
