Corporate insolvencies in Scotland rose 19.9% during the second quarter, when compared to pre-pandemic levels in 2019 and rose by 4.8% compared to the same period last year.
Meanwhile, personal insolvency numbers in Scotland saw no real change, with a decrease of just 0.05% – which equates to a single case – to a total of 2,074. Personal insolvency numbers also fell by 40.2%, when compared to pre-pandemic levels in 2019.
The latest data from Accountant in Bankruptcy, the Scottish Government’s insolvency service, also revealed that the number of liquidations and receiverships in the second quarter decreased by 3.1% compared with the previous quarters total of 292.
Iain Fraser, chair of the Scottish Technical Committee at R3, the UKs inso…
Read the full article at: https://www.insider.co.uk/news/scottish-corporate-insolvencies-rise-20-31275138