63% fall in large business insolvencies as Scottish economy reveals strength

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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.

https://www.insider.co.uk/news/insolvencies-scotland-kpmg-administration-figures-13026618

For more on the relative strength of the Scottish economy, see:

See this Douglas? Business investment in Scotland up 250%!

Scottish Business Strength No.77: Small Scottish construction firms’ growth up 17%

Scottish small businesses still more confident than those in non-Scottish parts

Business activity soars to four-year high across manufacturing and service

Business confidence in Scotland soars by 24% while it sinks 29% in non-Scottish parts of UK

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Scottish Government supports economy with new business rates unique in UK

Scottish business confidence higher than in any other region of UK

.

 

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3 thoughts on “63% fall in large business insolvencies as Scottish economy reveals strength

  1. William Henderson August 4, 2018 / 6:42 pm

    Headline: “SNP Fails to Maintain Business Insolvencies”.

    I think I might be getting the hang of this!

    Liked by 1 person

    • johnrobertson834 August 5, 2018 / 7:10 am

      When I’m president you’re my PR man. Boris and Ivan are your assistants.

      Like

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