Compulsory liquidations fell from 134 to 119, while creditors’ voluntary liquidations also declined during the same period.
However, James Fennessey, corporate insolvency partner at Azets, an international accountancy and business advisory group, warned that the improvement should not be seen as a sign of an easier trading environment.
Mr Fennessey said: “These latest figures offer some encouragement that the trend is going in the right direction, but it would be premature to interpret them as a sign that conditions have become significantly easier for Scottish businesses.
“While the reduction is welcome, insolvency activity remains high by historic standards, and many companies continue to operate in an exceptionally…