Insolvency Service

In March 2025, there were 118 company insolvencies registered in Scotland, 3% higher than the number in March 2024. The total number of company insolvencies was comprised of 55 CVLs, 57 compulsory liquidations and six administrations. There were no CVAs or receivership appointments.

Latest figures from the Insolvency Service show the agency banned more than 1,000 directors in 2024-25, of which 736 were for Covid loan abuse. The Insolvency Service enforcement outcomes report for 2024-25 was published on 14 April 2025.

A husband-and-wife whose furniture company went into liquidation owing customers almost £100,000 have both been banned as company directors. George and Williamina Hay were directors of DWH Trading Ltd, which sold adjustable beds and chairs, mostly to elderly and vulnerable customers, from thei

Company insolvencies in Scotland saw a 15% decrease in January 2025 compared to the same period last year. A total of 75 insolvencies were registered, comprising 37 Creditors' Voluntary Liquidations (CVLs), 32 compulsory liquidations, and six administrations. No Company Voluntary Arrangements (CVAs)

Dean Beale, chief executive of the Insolvency Service, has announced his departure from the agency this May. Mr Beale has worked in the insolvency sector for more than 30 years in a variety of roles and has been chief executive of the Insolvency Service since 2019.

A former Aberdeen takeaway boss has been banned from being a company director for seven years after employing three illegal workers.

A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years. Neville Taylor, 57, was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to become the sole director of more than 400 companies.

A couple who employed three illegal workers at a Chinese takeaway in the Highlands have been banned as company directors. Yu Jian Chen, 39, and his wife Yunqin He, 38, recruited the workers, who were from China and Malaysia, at The Jade Garden in the village of Bonar Bridge.

August 2024 saw 102 company insolvencies registered in Scotland, 9% lower than the number in August 2023. The total number of company insolvencies was comprised of 56 CVLs, 42 compulsory liquidations, two administrations and two receivership appointments. There were no CVAs.

Company insolvencies in Scotland rose in July 2024, reaching 117 cases, a 21% year-on-year increase, however, the overall insolvency rate for the past 12 months has slightly decreased. July's company insolvencies were comprised of 76 CVLs, 33 compulsory liquidations and eight administrations.

A Former Dundee pub boss has been banned by The Insolvency Service from acting as a company director for 11 years due to misuse of Covid bounceback loans (BBL). Philip Donaldson, 41, a director of Macmerry 300 Ltd, secured two £50,000 loans intended for pandemic recovery, which he then transfe

Scotland recorded 109 company insolvencies during the month of April, a 4% year-on-year decrease, according to The Insolvency Service. These included 48 compulsory liquidations, 59 creditors' voluntary liquidations (CVLs), and 2 administrations. This puts the overall insolvency rate in Scotland for

The director of a Scottish company has been banned from running a business for eight years following the company's persistent and disruptive cold-calling practices. Duncan Paul, 51, of Glenorchard Road, Balmore, Glasgow, was the director of CRDNN Limited, which made millions of unsolicited sale

Former England and Liverpool footballer John Barnes has been banned as a director after his company failed to pay tens of thousands of pounds in tax. Investigations by the Insolvency Service, which began in September 2023, revealed that between 2018 and 2020, the 60-year-old’s company, Jo

More than 800 company directors have been disqualified in the past fiscal year for abusing Covid support schemes following investigations by the Insolvency Service. One such case involved 24-year-old Muhammad Anas, who accepted a six-year disqualification undertaking starting on 2 April 2024.