Scottish company insolvencies expected to rise steeply

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Trade body says more companies are expected to face insolvency as government loans have to be paid.

Tim Cooper, chair of R3 in Scotland, said companies are "in a form of suspended animation".

He said disruption to the operation of civil courts is one reason why insolvency proceedings have not gone ahead. Mr Cooper said: "We now have the end points in sight for all these support mechanisms, meaning that many company directors have some serious planning to do if they want to be able to meet their financial obligations over the coming year.

 

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Belgique Dernières Nouvelles, Belgique Actualités