Michelle Elliot
Company insolvencies in Scotland rose by 9% during February compared to the previous year, totalling 94 cases, according to data from the Insolvency Service.
This comprised 33 compulsory liquidations, 58 creditors voluntary liquidations (CVLs), and three administrations, with no company voluntary arrangements (CVAs) or receivership appointments.
Company insolvencies in Scotland from February 2019 to February 2024, not seasonally adjusted (source: Insolvency Service)
Michelle Elliot, restructuring advisory partner at FRP in Glasgow, commented: After last months dip in insolvency levels, numbers are rising once again.
Indeed, the long-term picture is that firms burdened by debt or who were deeply impa…
Read the full article at: https://www.scottishfinancialnews.com/articles/scottish-company-insolvencies-up-9-in-february-2024