The number of Scottish businesses experiencing insolvency-related activity jumped over 32% in December 2022, compared to the same period in 2021.
Insolvency and restructuring trade body R3's analysis of data provided by Creditsafe showed that there were 142 cases of insolvency-related activity - which includes liquidator appointments, administrator appointments and creditors’ meetings - in Scotland last month – an increase of 35 activities from December 2021’s total of 107.
Scotland saw the largest year-on-year increase in insolvency-related activity compared to the rest of the regions and nations in the UK.
