SCOTTISH corporate insolvencies in the first quarter were up by 67 per cent on the same period of last year, official figures have revealed.
Tim Cooper, who chairs insolvency trade body R3 in Scotland, highlighted his view that the latest figures signalled a return to a trend of rising corporate insolvencies which began in early 2017, following a year-on-year dip in company failures in the fourth quarter of last year.
The figures, from the Accountant in Bankruptcy (AiB), show there were 259 corporate insolvencies in the opening three months of 2018, up from 155 in the first quarter of last year.
In the fourth quarter of last year, corporate insolvencies totalled 202, which was down from 210 in the final three mon…
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