AROUND 25 companies went bust every week in Scotland on the official measure last year, when the level of failures remained close to the record set in 2011.
AROUND 25 companies went bust every week in Scotland on the official measure last year, when the level of failures remained close to the record set in 2011.
Custom byline text:
Mark Williamson
Figures compiled by the Accountant in Bankruptcy show 1264 companies failed in 2012 as the economic downturn took a heavy toll on sectors like retail, hospitality and construction.
The total number of firms recorded in the register of insolvencies last year was down just 1% on the record 1278 seen in 2011. Following the high profile collapse of firms like Comet and Jessops in recent weeks, the figures prompted a warning from a business recovery specialist that there may be no let-up in the failure rate this year.
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