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Insider UK
Insider UK
Business
Alistair Houghton

More Scottish businesses in financial distress as property and logistics firms hit by inflation and economic turmoil

Inflation Scotland Begbies Traynor United Kingdom

The number of businesses in "critical" distress in Scotland has soared as the tough economic conditions begin to bite, the latest Red Flag Alert data from Begbies Traynor has revealed.

The latest figures from the business recovery firm show financial distress in Scotland has soared compared to other parts of the UK.

The data showed that for the three months to September 2022, there was a 112% increase in the number of businesses in ‘critical’ distress in Scotland compared to the same quarter in 2021. The figures also revealed a 37% rise since the second quarter of this year.

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