NEW corporate insolvency statistics from accountancy firm KPMG show a marked increase in the number of businesses failing in Scotland during the first quarter of 2016.

Between January and March this year, total insolvency appointments rose by 10 per cent from 188 to 206 compared to the same three months in 2015. The increase is mirrored in both liquidation appointments which tend to affect smaller businesses up 9 per cent and administrations which usually involve larger organisations up 10 per cent.

But compared with the previous three month period between October and December 2015, total insolvency appointments have fallen by a quarter from 275 to 206. Similarly, liquidations fell by 23 per cent to 184 and administrat…

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