Scots firms facing financial difficulties remain far less likely to seek early advice to head off liquidation proceedings according to new data from the Insolvency Service.
Scots firms facing financial difficulties remain far less likely to seek early advice to head off liquidation proceedings according to new data from the Insolvency Service.
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By Colin Donald
Figures for 2011 show that Scottish companies comprised only 0.8% of the total of UK company voluntary arrangements (CVAs), compared to 99.2% from England and Wales. The figures have not significantly improved since the start of the recession in 2008, when Scots firms made up 0.7% of the UK's CVA total.
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