COR­PO­RATE INSOLVENCIES UP BY ONE-THIRD YEAR-ON-YEAR

The Herald Business - - The Month In Headlines -

July 24 SCOTTISH cor­po­rate insolvencies in the three months to June were up more than one-third on the same pe­riod of 2013, against a back­drop of record low in­ter­est rates and im­prov­ing eco­nomic con­di­tions, of­fi­cial fig­ures have re­vealed. Bryan Jack­son, busi­ness re­struc­tur­ing part­ner at ac­coun­tancy firm BDO, de­scribed the year-on-year rise in the num­ber of cor­po­rate insolvencies as “un­wel­come”. The Ac­coun­tant in Bank­ruptcy’s lat­est fig­ures, showed there were 250 cor­po­rate insolvencies in the sec­ond quar­ter of 2014.

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