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Fewer companies going bust as insolvency rate improves

Fewer Scottish firms are going bust as Scotland continues to improve its insolvency rate more strongly than most of the UK.

The latest business insolvency index from Experian shows "a continued stable picture" across the UK, with 1723 companies, or 0.09% of the business population, failing in August – the same rate as in July, though slightly worse than in August last year when 0.08%, or 1563 companies, failed.

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