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Wednesday, 19 October 2011

Scottish Insolvency Statistics

Scottish insolvency statistics showed a steep rise in compulsory liquidations in the second quarter of this year of 71% compared to the second quarter of last year.

There were 361 notices of Scottish registered companies becoming insolvent or entering receivership in the second quarter of 2011/12. This figure includes 14 receiverships, 252 compulsory liquidations, 95 creditors voluntary liquidations and 57 members voluntary liquidations.

Could some of these companies that had cashflow problems have been saved by a CVA? Possibly. If you want to hear about how CVAs can help Scottish companies then give us a call.

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