Bussiness
Number of Scottish firms in financial difficulty rises
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. The number of Scottish companies showing signs of financial distress has risen sharply.
Red Flag Alert research, produced by Begbies Traynor, the business recovery specialist, suggested that there were 30,435 companies with “significant” problems in the second quarter of the year.
Ken Pattullo, of Begbies Traynor, hopes a stable period following the election will be good for businesses
It was up by 9.1 per cent compared with the first three months of the year and an increase of 46.1 per cent against the April-to-June period of last year. The largest year-on-year uplifts were in health and education, bars and restaurants and retail.
Ken Pattullo, the managing partner for Begbies Traynor in Scotland, said: “With the UK election now firmly behind us, many businesses are hoping
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