Around 20 Scottish businesses are set to fail each week in 2019, an industry expert has predicted, after corporate insolvencies were found to have risen dramatically in the past year.
Continued uncertainty surrounding Brexit, an increase in competition and a squeeze on pricess in many sectors are all key factors, according to accountancy and business advisory firm French Duncan.
The Glasgow-headquartered company foresees continued difficulties for businesses after corporate failures rose dramatically in 2018, increasing by an estimated 25.8 per cent compared with the previous year, and equating to the highest annual figure since 2012.
Eileen Blackburn, head of restructuring and debt advisory at French Duncan, said…
Read the full article at: https://www.scotsman.com/business/companies/corporate-failures-to-affect-20-scottish-firms-every-week-1-4850520