The business failure rate in Scotland rate fell significantly in the three months to June, new figures for KPMG show.
The professional services firm said total corporate insolvency appointments fell 27 per cent to 196 in the second quarter to 30 June, down from 270 recorded in Q2 of 2016.
Separate research from R3, the trade association for insolvency and restructuring professionals, suggests Scotland now has the lowest levels of insolvency risk of anywhere in the UK.
KPMG’s figures show 170 liquidation appointments were made in Scotland in the second quarter, down from 246 in Q2 of last year, though administration and receivership appointments rose by two on last year to 26 in total.
Comparing the 12 months to 30 June on the…
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