THE financial health of Scottish business is improving with corporate insolvencies falling, the latest Scottish insolvency statistics reveal.
The upbeat snapshot was revealed from the most recent quarterly figures compiled by Accountant in Bankruptcy (AiB), the body responsible for administering the process of personal bankruptcy and recording corporate insolvencies in Scotland, for the fourth quarter of 2015-16.
Out of a dozen sectors profiled, only oil and gas and manufacturing were deemed to have a higher than normal risk of insolvency.
Tim Cooper, chair of R3 in Scotland, the insolvency trade body said: Corporate insolvencies are continuing their downward trend, and have fallen again this quarter. While we are seeing considerable…
Read the full article at: http://www.accountancyage.com/2016/04/28/scottish-insolvency-levels-continue-long-term-decline/