Scottish Corporate Insolvencies See 41% Increase in September
Scotland witnessed a significant rise in corporate insolvencies, with 103 cases registered in September, marking a 41% increase from the same month last year.
The breakdown of insolvencies includes 50 company voluntary liquidations, 48 compulsory liquidations, and five administrations. Notably, there were no company voluntary arrangements or receivership appointments during this period.
- 50 company voluntary liquidations
- 48 compulsory liquidations
- 5 administrations
Michelle Elliot, restructuring advisory partner at FRP in Glasgow, noted that next month’s Budget will be decisive in shaping the near-term operating landscape.
The total insolvency rate in Scotland for! the 12 months to September stood at 52.2 per 10,000 companies, a decrease of 0.3 from the preceding 12 months. Additionally, between June 26, 2020, and September 30, 2025, Scotland saw three restructuring plans and one moratorium.
Author's summary: Scotland's corporate insolvencies rose 41% in September.