Scottish Corporate Insolvencies Rise by 41% in September
Scotland witnessed a significant increase in corporate insolvencies, with 103 cases registered in September, marking a 41% rise compared to 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 the next month's Budget will be crucial in determining 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, slightly down from the preceding 12 months. Additionally, between June 2020 and September 2025, Scotland saw three restructuring plans and one moratorium.
Author's summary: Scottish corporate insolvencies increased by 41% in September.