cotlands businesses are still suffering from a Covid hangover with new figures showing the number of firms becoming insolvent has reached an 11-year high.
Corporate insolvences rose to 1,132 in 2022-23, with this up by almost a third (32.6%) on the previous year, new figures from the Accountant in Bankruptcy showed.
The 2022-23 total is nearly a fifth (19.4%) higher than pre-pandemic, with 948 insolvencies recorded in 2019-20 with an expert warning a further wave of insolvencies is inevitable unless economic circumstances improve drastically.
The Covid hangover continues to hit Scotlands businesses hard, with the figures published today showing that corporate insolvency numbers are at their highest level in a decade
The statis…
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