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Monday, 25 October 2010

Scottish insolvency figures improving

The second quarter statistics on Scottish insolvencies have been published by the Accountants in Bankruptcy (AiB). Interestingly the overall number of insolvent companies has gone down by 19%. The exception to the rule has been there has been a rise in the number of creditors voluntary liquidations of 17%

Running a business in isolated rural areas can make you more susceptible to a downturn in the economy. This could be due to a less diverse customer base, or the difficulty in retaining and recruiting staff.

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