Company bankruptcies in Scotland rose by a third in the past financial year, as debts from during the pandemic contributed to 1,132 firms going under.
Trade association R3, which represents insolvency accountants, said a further wave was almost inevitable, even though the economy has shown resilience.
Its said previously successful firms had failed due to rising costs including energy, wages and finance.
The number of personal insolvencies was also up by 3% to more than 8000.
Thsi figure is well below the pre-pandemic level. In 2019-20, that reached 13,491.
R3 chairman, Richard Bathgate, said squeezed household budgets meant that customers were spending l…
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