David Alexander, head of debt recovery at full-service law firm Gilson Gray, said: “The latest figures show a notable fall in corporate insolvencies in Scotland, with total cases down by around a quarter on the same quarter last year. On the face of it, that suggests some easing of pressure, particularly with reductions in both compulsory and creditors’ voluntary liquidations. However, it’s important not to read this as a return to stability just yet.
“We are still dealing with the long tail of post-pandemic borrowing, alongside higher operating costs and subdued consumer demand in a number of sectors. A fall in insolvency numbers may, in part, reflect businesses holding on for longer or…