About 1,000 companies will go bust and 12,000 Scots will be
made bankrupt in the coming year, a report Business advisers BDO has predicted.
Cooling consumer demand, geopolitical and financial uncertainty and potential
interest rate rises were cited as causes for concern.
Bryan Jackson, business restructuring partner with BDO,
said: "For many companies and individuals there is the prospect of another
year of standing still as profits remain flat and incomes are static. The
slightest change in any circumstances could have serious consequences… it is of
concern that even six years after the start of the recession there are still so
many firms going bust.”
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