Today’s AiB corporate insolvency stats

22 April 2026 – David Alexander, head of debt recovery at full-service law firm Gilson Gray, said: “The latest figures point to a clear increase in both personal and corporate insolvencies across Scotland, with rises of around 20% and 28% respectively compared with the same period last year. That reflects the continued pressure we are seeing on the ground, as higher borrowing costs, ongoing repayments from pandemic-era support, and wider cost pressures continue to weigh on both households and businesses.

“On the personal side, the increase in bankruptcies and protected trust deeds, alongside a notable rise in moratorium applications, suggests more individuals are reaching the point where they need formal breathing space or structured solutions to manage their debts. The revised fee structure is also likely playing a role in making bankruptcy more accessible, particularly through the Minimal Asset Process, which continues to account for the majority of cases.

“For businesses, the rise in corporate insolvencies – particularly in creditors’ voluntary and compulsory liquidations – indicates that financial distress is becoming more acute. We are seeing creditors take a more active approach to recovery, and that has a knock-on effect across supply chains. While members’ voluntary liquidations have also increased, which can reflect solvent closures, the broader picture still points to challenging trading conditions.

“Overall, these figures underline that financial pressures have not eased. If anything, they are becoming more entrenched. Whether for individuals or directors, early engagement and taking advice at the first signs of difficulty remains crucial to managing debt and avoiding more serious outcomes further down the line.”