The number of corporate insolvency cases in liquidation and receiverships in Scotland for the last quarter of 2021 was 164% higher compared to the same period the pervious year.
Research undertaken by insolvency and restructuring trade body R3 in Scotland found that there were 240 cases during the last three months of the year, up from 91 year-on-year.
The overall number of personal insolvencies, bankruptcies and protected trust deeds in Scotland during the fourth quarter was 13% higher than the pervious comparable period, although personal insolvencies in Scotland fell by 8.3% quarter-on-quarter.
