First 4 Business member and Senior Manager Ian Brown at MLM was recently published in Business Insider.
Most recent official figures published by the Accountant in Bankruptcy suggest the level of both corporate and personal bankruptcies in Scotland have fallen back to levels last seen before the recession.
The Accountant in Bankruptcy (AiB) figures, covering the three months to December 31, revealed the number of Scottish registered companies becoming insolvent or entering receivership had fallen for the second consecutive quarter – this time down 7.7 per cent – and the total in the three months to December was down almost 16 per cent year on year – a welcome sign of a strengthening Scottish economy.
With corporate insolvencies, it is all too easy to forget the cost is not just measured in pounds and pence; the fallout inevitably leads to long-serving employees losing their jobs, suppliers and creditors being left high and dry and HM Revenue and Customs (HMRC) ultimately losing out on tax revenue.
Read the full article at www.mlmsolutions.co.uk.
Ian H Brown
0845 051 0210
0141 243 2427