The latest company insolvency statistics for July 2024 highlight a significant increase in corporate insolvencies within Scotland, reflecting broader trends seen across the UK.
The total number of registered company insolvencies has risen, driven by a challenging economic environment that has persisted over recent years.
Creditors’ Voluntary Liquidations (CVLs) remain the predominant form of insolvency, while other types such as compulsory liquidations, administrations, and Company Voluntary Arrangements (CVAs) have also seen increases.
This trend underscores the ongoing financial pressures faced by Scottish businesses, particularly in sectors heavily impacted by economic fluctuations.
Michelle Elliot, a…
