From Insider today:
‘The number of larger businesses in Scotland failing has fallen by more than half in the last quarter compared to the same period last year, according to new figures from KPMG. Administrations – which normally involve larger companies – fell by 63% (10 down from 26) and compared to the previous three months in 2018, decreased by one third (10 down from 15).’
Insolvencies affecting smaller businesses were up 8% but this represents ‘normal attrition rates’ and need not imply a worrying trend over a longer period.
For more on the relative strength of the Scottish economy, see: