The number of corporate insolvencies in Scotland has fallen in the latest financial year, but total personal cases experienced double-digit growth.
Data from Accountant in Bankruptcy, an executive agency of the Scottish Government, revealed a 7 per cent year-on-year drop in corporate insolvencies in 2016-17 to reach 840.
READ MORE: Scots pubs and eateries at lower risk of insolvency
Tim Cooper, chairman of insolvency and restructuring trade body R3 in Scotland, said: Despite tougher economic conditions for Scottish businesses over the last 12 months, its encouraging to see firms are proving resilient.
He also cited recent R3 research finding that Scottish firms were the most stable in the UK, with a fifth at greater-than-aver…
Read the full article at: http://www.scotsman.com/business/companies/mixed-picture-for-corporate-and-personal-insolvencies-1-4430769
