Company insolvencies in Scotland rose in July 2024, reaching 117 cases, a 21% increase compared to the same month in 2023, however, the overall insolvency rate for the past 12 months has slightly decreased.
In July 2024, there were 117 company insolvencies registered in Scotland, 21% higher than the number in July 2023. The total number of company insolvencies was comprised of 76 CVLs, 33 compulsory liquidations and eight administrations.
The total insolvency rate in Scotland in the 12 months to July 2024 was 53.8 per 10,000 companies on the effective register. This was down by 1.0 from the preceding 12 months ending July 2023.
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