David Alexander
Scottish corporate insolvencies have decreased from 346 in Q4 2022-23 to 301 in Q4 2023-24, according to the latest insolvency data statistics from Accountant in Bankruptcy (AiB).
This is a decrease of 13.0%. Over the same period, there were MVLs (members voluntary liquidations) were down to 94 from 200 a decrease of 52.0%.
Creditors voluntary liquidations decreased by 19.0% and compulsory liquidations decreased from 130 to 126.
Total corporate insolvencies and members voluntary liquidations Apr-Jun 2010 to Jan-Mar 2024
David Alexander, head of debt recovery at Gilson Gray, said: The year-on-year decline in corporate insolvencies only provides half of the picture there has also been a gradual …
Read the full article at: https://www.scottishfinancialnews.com/articles/scottish-corporate-insolvencies-drop-130-year-on-year