Corporate insolvencies in Scotland remained steady in the first quarter of 2022, as a series of compounding crises - from inflation and supply chain disruption to the impact of the conflict in Ukraine and the pandemic - continue to place pressure on businesses.
Analysis of notices in The Gazette by Interpath Advisory reveals that seven companies fell into administration in Scotland between January and March this year – at similar levels to the eight companies which went into administration in the same quarter last year.
This does not fully reflect the UK picture, however, which saw a total of 220 companies fall into administration during the first quarter – up from 189 companies during the same period in 2021.
