Increase in Scottish Business Distress Reveals Impact of Economic Downturn

Friday, 26 April 2024, 06:34

The latest data shows a concerning rise in the number of Scottish businesses facing 'critical' distress, with a nearly 25% increase compared to the previous year. This trend signals the severity of the economic downturn and its direct impact on the local business environment. Urgent measures may be required to support these struggling businesses and mitigate further economic challenges.

Scottish financial distress rises as economic downturn bites

The number of Scottish businesses in 'critical' distress was up by almost a quarter year-on-year.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.