Tuesday, July 17, 2012

doom and gloom

Insolvency body R3 figures could mean 274 retail businesses and 30 hotels in Scotland had a "high risk" of failure. A further 1,238 retailers and 137 hoteliers were "vulnerable to failure" in the next year.

 R3 indicated 26.15% of all retail firms and 17.99% of all hotels were at risk.

 A report last week by accountancy firm PKF suggested Edinburgh's hotels may struggle later this year to compensate for a poor performance in the spring. Its hotel survey for May reported a fall in both occupancy rates and revenues for the third month in a row.

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