Corporate insolvencies in Scotland fell by 39% during the first six months of 2022, despite spiralling inflation, rising interest rates and energy costs, supply chain disruption and geo-political uncertainty piling pressure on businesses.
Analysis of notices in The Gazette by Interpath Advisory reveals that a total of 11 companies fell into administration in Scotland from January to June 2022 – down from 18 during the same period in 2021.
This does not reflect the UK picture , however, which saw a total of 451 companies fall into administration in the first half of 2022 – up from 312 companies during the same period last year, but still not back at the pre-pandemic levels of 655 in the first half of 2020 and 686 in the first half of 2019.
