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Sharp rise in insolvencies for Scottish businesses
THE number of companies in Scotland declared insolvent has risen by almost half in a year, a new report showed yesterday.
Accounting giant KPMG said economic volatility is behind the trend with Brexit and a change of government creating uncertainty for businesses.
The firm said there were 698 corporate insolvency appointments in Scotland between January and June, rising 46 per cent from 479 in the previous six months.
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