Please visit http://www.companyrescue.co.uk/ for confidential help and insolvency advice or email keiths@ksagroup.co.uk

Tuesday, 7 February 2012

Scottish Insolvency Figures

The recent statistics on insolvency in the UK has highlighted the fact that Scotland has been struggling more than other parts of the country.   This is because the insolvency rate for both individuals and companies is proportionally higher than the rate in England and Wales. 

2010 there was a total  of 1041 liquidations, 241 administrations, and 7 CVAs
2011 there was a total of  1237 liquidations, 236 administrations, and 14 CVAs

From the figures above it is  liquidations that have seen the biggest rise.  However, the fact that CVAs have gone up from 7 to 14 is progress in that it is likely that this rescue mechanism is being considered appropriate more often!  Anyone who wishes to have a fuller understanding of the CVA mechanism can register their interest in the next Scottish CVA Seminar.  Or you can call our Scottish Regional Manager Derek Robinson on 0131 242 0081

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Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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