WYLIE & Bisset, Accountants and Business Advisers, has said that profitable businesses that suffered financially during the coronavirus pandemic are now being squeezed by a cost-of-living crisis which has led to a high level of Scottish insolvency activity.
The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research from R3, the insolvency and restructuring trade body. Its analysis shows there were 122 Company insolvencies in Scotland last month.
Scotland saw the highest monthly rise in insolvency-related activity in the UK in April. Insolvency-related activity in Scotland was up year-on-year too, with April 2023s figures 32.6% higher than those in April 2022.
Craig Allison,…
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