Annual Scottish business failures fall to eight-year low - KPMG

New figures from professional services firm, KPMG shows the number of businesses failing in Scotland fell to an eight-year low in 2017. The firm’s latest insolvency statistics reveals the number of corporate insolvencies at the end of 2017 stood at 832, a figure not seen since 2008 (803).

An annual comparison with 2016 shows a 15 per cent fall in the number of insolvencies (832 down from 984). However, the last quarter of 2017 saw a 14 per cent increase in insolvencies when compared to the same three months in 2016 (251 up from 221).

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