The Insolvency Service Released Their Figures for August 2023

1,880 Creditors Voluntary Liquidations (CVLs) - up 13% on August 2022
221 compulsory liquidations - up 45% on August 2022
195 administrations - up 68% on August 2022
11 Company Voluntary Arrangements (CVAs) - down 15% on August 2022

Scotland saw 112 company insolvencies, comprising 71 CVLs, 33 compulsory liquidations and 8 administrations. https://lnkd.in/dzTYeRzE

Overall, figures are 19% up on August 2022, but even more alarming is that there were 600 more registered company insolvencies in August 2023 than in July 2023.

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