Insolvency

Inverness-based Highland Timber Construction has entered liquidation after failing to recover from the financial strain caused by the covid pandemic and a subsequent inability to secure new contracts.

Company insolvencies in Scotland have dropped 8% in November 2023 when compared to November 2022, according to the latest statistics published by the Insolvency Service. This November there were 109 company insolvencies registered in Scotland. This was comprised of 30 compulsory liquidations, 7

Scotland has seen a 21% increase in company insolvencies during October 2023 compared to the previous year, with 99 cases registered.

The number of companies filing for administration in Scotland has jumped by over 20% year-on-year, as a sluggish economy, the cost-of-living crisis, high interest rates and ongoing geopolitical uncertainty continue to impact businesses across the country.

Scotland has experienced a 4.8% rise in corporate insolvency numbers (comprising liquidations and receiverships) for Q2 2023-2024, reaching 283 cases, in comparison to the same quarter in the preceding year, according to data released by Accountant in Bankruptcy. This reflects a substantial 19.

Scotland has witnessed a 16% decrease in registered company insolvencies in September compared to the same period in the previous year, according to the latest statistics from Companies House. The total insolvencies included 30 compulsory liquidations, 52 Creditors' Voluntary Liquidations (CVLs), an

The directors of Tayport-based Foodmek Ltd have applied to the court to appoint insolvency specialist Shona Campbell of Henderson Loggie as liquidator.

There was a notable increase in company insolvencies last month with 97 cases registered in Scotland, marking a 41% rise from the previous year. These insolvencies were spread across 44 compulsory liquidations, 51 CVLs (Company Voluntary Liquidations), and two administrations. There were no instance

Scottish business insolvencies have increased by 19.7% to 292, compared with the first quarter of 2022-23, according to the latest figures released by Accountant in Bankruptcy (AiB).

Company insolvencies in England and Wales have soared by 40% year-on-year, reaching the highest level since monthly records started in January 2019.

The dramatic surge in business insolvencies in Scotland last year was the highest rise across all UK nations, according to a report from the BBC's Shared Data Unit. Nearly 90% of UK local authorities registered an increase compared to the pre-pandemic year, with Scotland noting a stark 150% jump fro

Scottish firms, once profitable but financially strained during the COVID-19 pandemic, are now feeling the pinch of a cost-of-living crisis, leading to record levels of insolvency activity, according to Wylie & Bisset, an accountancy and business advisory firm. R3, the insolvency and restructuri

April witnessed a significant surge in insolvency-related activities in Scotland, the highest this year, new research by R3, the insolvency and restructuring trade body, has revealed. R3’s analysis of data provided by Creditsafe shows there were 122 cases of insolvency-related activity, which

The number of companies filing for administration in Scotland fell by a quarter in 2022 despite rising inflation, weaker trade and geopolitical uncertainty continuing to put businesses under pressure. Analysis of notices in The Gazette by Interpath Advisory reveals that a total of 32 companies fell

The latest official statistics released by Accountant in Bankruptcy (AiB) reveal that corporate insolvencies are on the rise in Scotland.