Bristol Press Logo
Tuesday, May 24, 2022
  • Home
  • World
  • News
  • Politics
    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

    Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

    Bank of England warns of recession in UK as interest rates hiked to 1%

    Bank of England warns of recession in UK as interest rates hiked to 1%

    SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

    SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

    SNP miss out on Russian sanctions list as 287 MPs banned from entering country

    SNP miss out on Russian sanctions list as 287 MPs banned from entering country

    Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

    Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

    Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

    Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

    Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

    Tory MP guilty of sexually assaulting 15-year-old boy at party

    Tory MP guilty of sexually assaulting 15-year-old boy at party

    Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

    Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

    Trending Tags

    • Business

      Knowing The Debt Collection Practices

      Sector growth slows as rising inflation weighs on demand

      Sector growth slows as rising inflation weighs on demand

      Scottish job growth eases to four-month low in April

      Scottish job growth eases to four-month low in April

      Scottish insolvencies hold steady as compounding crises raise pressure

      Scottish insolvencies hold steady as compounding crises raise pressure

      Recovery in Scottish business optimism dampened by rising costs

      Recovery in Scottish business optimism dampened by rising costs

      Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

      Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

    • Sports
      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

      What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

      Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

      Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

      Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

      Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

      Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

      Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

      Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

      Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

      Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

      Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

      Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

      Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

      Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

      Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

      Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

      Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

      Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

      Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

      Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

      Trending Tags

      • Technology
        Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

        Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

        Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

        Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

        Facebook to axe a number of location-tracking features from app later this month

        Facebook to axe a number of location-tracking features from app later this month

        Urgent WhatsApp warning as users told to delete scam text immediately

        Urgent WhatsApp warning as users told to delete scam text immediately

        Simple household job could make you up to £600 in a matter of minutes

        Simple household job could make you up to £600 in a matter of minutes

      • Health
        ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

        ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

        Dementia experts share six ways to reduce risks of condition ‘by a third’

        Dementia experts share six ways to reduce risks of condition ‘by a third’

        Cleaning your ears without cotton buds – the three safest methods

        Cleaning your ears without cotton buds – the three safest methods

        Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

        Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

        Breakthrough cancer study finds big ‘clues’ about how disease is caused

        Breakthrough cancer study finds big ‘clues’ about how disease is caused

      • Entertainment
        N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

        N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

        How to Decorate Your Room With Leather Furniture

        How to Decorate Your Room With Leather Furniture

        How-To-Pick-The-Best-Pair-of-Lace-Up-Boots

        How To Find The Perfect Pair of Boots?

        Telltale lung cancer sign in your fingertips that could lead to early diagnosis

        Telltale lung cancer sign in your fingertips that could lead to early diagnosis

        Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

        Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

      • Life Style
      • Travel
      • Education

        How To Find a Good Illustrator?

        Many primary heads ‘would have preferred to delay Wales’ new curriculum’

        Many primary heads ‘would have preferred to delay Wales’ new curriculum’

        Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

        Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

        ‘Makaton sign language helps my teenager tell me how he’s feeling’

        ‘Makaton sign language helps my teenager tell me how he’s feeling’

        My seven year-old has never spent a whole day at school and cannot read and write

        My seven year-old has never spent a whole day at school and cannot read and write

      • Real Estate
      No Result
      View All Result
      • Home
      • World
      • News
      • Politics
        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Keir Starmer offers to resign as Labour leader if he is fined over beergate claims

        Bank of England warns of recession in UK as interest rates hiked to 1%

        Bank of England warns of recession in UK as interest rates hiked to 1%

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP MP Anum Qaisar says she was warned which men to avoid in Westminster

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        SNP miss out on Russian sanctions list as 287 MPs banned from entering country

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Scottish Labour opposition to indyref2 not “viable” says country’s top trade unionist

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Douglas Ross branded ‘pathetic’ for defending Boris Johnson after calling for him to resign

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Nicola Sturgeon questions Douglas Ross’ ability to ‘stand up’ to Boris Johnson

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Tory MP guilty of sexually assaulting 15-year-old boy at party

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Anas Sarwar brands SNP Glasgow council leader ‘a Nicola Sturgeon puppet’ as Labour bids to win back city

        Trending Tags

        • Business

          Knowing The Debt Collection Practices

          Sector growth slows as rising inflation weighs on demand

          Sector growth slows as rising inflation weighs on demand

          Scottish job growth eases to four-month low in April

          Scottish job growth eases to four-month low in April

          Scottish insolvencies hold steady as compounding crises raise pressure

          Scottish insolvencies hold steady as compounding crises raise pressure

          Recovery in Scottish business optimism dampened by rising costs

          Recovery in Scottish business optimism dampened by rising costs

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

          Kate Forbes welcomes ‘encouraging’ GDP growth of 0.4%

        • Sports
          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          What the Rangers pundits said as heartbroken Ally McCoist confesses his shootout hunch missed the mark

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Ange Postecoglou wants another Celtic midfielder as he reveals the prophetic logic behind 3 January transfers

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Mark McGhee readies Dundee for fight to the finish as he insists St Johnstone are ‘feeling the pressure’

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Scott Brown announces retirement as Celtic hero reveals his management vision and Ange Postecoglou inspiration

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Zander Clark set for Dundee United transfer talks as Tam Courts targets pre-contract deal

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Rangers pundits puzzled by Joe Aribo switch as Fashion Sakala central role queried after late heartache

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Lewis Ferguson in brutally honest Aberdeen confession but midfielder delivers blunt verdict on Max Stryjek

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Hearts bounce doesn’t worry Hibs as Ron Gordon issues defiant ‘we’ll be back’ Europa League vow

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Kyogo ready for Celtic starring role against Rangers as cautious approach is gone now

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Rangers cauldron of noise will make Braga BETTER as Carlos Carvalhal sets out gung ho game plan

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Ange Postecoglou makes Celtic new contract admission as he vows potential treble is only the start

          Trending Tags

          • Technology
            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Apple’s ‘hidden setting’ that instantly improves audio quality on calls and video

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Elon Musk puts Twitter takeover on hold – but insists he’s ‘still committed’ to bid

            Facebook to axe a number of location-tracking features from app later this month

            Facebook to axe a number of location-tracking features from app later this month

            Urgent WhatsApp warning as users told to delete scam text immediately

            Urgent WhatsApp warning as users told to delete scam text immediately

            Simple household job could make you up to £600 in a matter of minutes

            Simple household job could make you up to £600 in a matter of minutes

          • Health
            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            ‘Beautiful’ woman who complained of back pain tragically died after being diagnosed with cancer

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Dementia experts share six ways to reduce risks of condition ‘by a third’

            Cleaning your ears without cotton buds – the three safest methods

            Cleaning your ears without cotton buds – the three safest methods

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Devastated family’s tribute to ‘kind’ daughter who tragically died from cancer

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

            Breakthrough cancer study finds big ‘clues’ about how disease is caused

          • Entertainment
            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            N-Dubz Glasgow 2022 times and dates for pre-sale and general tickets

            How to Decorate Your Room With Leather Furniture

            How to Decorate Your Room With Leather Furniture

            How-To-Pick-The-Best-Pair-of-Lace-Up-Boots

            How To Find The Perfect Pair of Boots?

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Telltale lung cancer sign in your fingertips that could lead to early diagnosis

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

            Vets in warning over ‘toxic’ rapeseed plants which can cause skin burns in dogs

          • Life Style
          • Travel
          • Education

            How To Find a Good Illustrator?

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Many primary heads ‘would have preferred to delay Wales’ new curriculum’

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            Panic attacks, anxiety and attendance levels at an all time low – a teacher describes the mood as teens prepare to take the first summer exams for three years

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            ‘Makaton sign language helps my teenager tell me how he’s feeling’

            My seven year-old has never spent a whole day at school and cannot read and write

            My seven year-old has never spent a whole day at school and cannot read and write

          • Real Estate
          No Result
          View All Result
          logo
          No Result
          View All Result

          Scottish insolvencies hold steady as compounding crises raise pressure

          May 8, 2022
          in Business
          Reading Time:3min read
          Share on FacebookShare on Twitter



          Corporate insolvencies in Scotland remained steady in the first quarter of 2022, as a series of compounding crises – from inflation and supply chain disruption to the impact of the conflict in Ukraine and the pandemic – continue to place pressure on businesses.

          Analysis of notices in The Gazette by Interpath Advisory reveals that seven companies fell into administration in Scotland between January and March this year – at similar levels to the eight companies which went into administration in the same quarter last year.

          This does not fully reflect the UK picture, however, which saw a total of 220 companies fall into administration during the first quarter – up from 189 companies during the same period in 2021.

          Despite this increase however, administrations – which typically involve medium to large businesses – are still yet to return to pre-pandemic levels.

          Meanwhile, liquidations – which predominantly involve smaller businesses – are back to levels seen before the pandemic.

          Blair Nimmo, chief executive of Interpath Advisory, commented: “We’re certainly seeing signs that activity is on the rise following a two-year period when insolvency levels were at record lows.

          RELATED STORIES

          Knowing The Debt Collection Practices

          May 24, 2022
          Sector growth slows as rising inflation weighs on demand

          Sector growth slows as rising inflation weighs on demand

          May 22, 2022
          Scottish job growth eases to four-month low in April

          Scottish job growth eases to four-month low in April

          May 15, 2022

          “This is not surprising when you consider the vast array of issues and pressures that organisations are facing – spiralling inflation, the conflict in Ukraine, supply chain disruption, the impact of the pandemic, staff shortages, as well as trading difficulties arising from Brexit.

          “Dealing with one or two of these issues at any one time is tricky enough, but to have all land at once is testing even the most brilliant of management teams.

          “Nevertheless, we don’t expect to see a sudden deluge of insolvencies – rather we expect activity to tick up gradually over the course of the year.”

          Across the UK, the highest number of appointments continues to be seen across the construction, industrial manufacturing, retail, and leisure and hospitality sectors.

          However, there are also modest increases in the number of appointments in the transport and logistics and consumer goods sectors, including the food and drink segment.

          During the first quarter, there were twice as many filings for insolvency (13 appointments) in the consumer goods sector in comparison to the previous quarter, and a 63% rise on the same period last year.

          Read More
          Related Articles

          Alistair McAlinden, head of Interpath Advisory in Scotland, commented: “With companies facing significant cost inflation, it was perhaps inevitable that we would start to see a rise in insolvency levels in the consumer goods sector.

          “In addition, while the multiples have been generally accepting of the need for price rises, the time lag between the immediate increase in the cost base and the implementation of new sales prices is putting pressure on working capital, particularly for smaller companies or those with weaker balance sheets.”

          He added: “If not addressed, the tightening of working capital could ultimately lead to insufficient funding and potential business failure for some food and drink manufacturers.

          “To avoid this, businesses will need to look closely at their management of working capital and cash, as well as ensuring they understand the true economic profitability of their product and customer portfolios.”

          Don’t miss the latest headlines with our twice-daily newsletter – sign up here for free.

          Read More
          Related Articles
          Read More
          Related Articles



          Source link

          Related Posts

          Business

          Knowing The Debt Collection Practices

          May 24, 2022

          Debt recovery is significant for regulating finances in society, especially where lending and borrowing are standard. Secured debt recovery can...

          Sector growth slows as rising inflation weighs on demand
          Business

          Sector growth slows as rising inflation weighs on demand

          May 22, 2022

          Output growth in most UK sectors slowed in April as rising inflation weighed on demand for goods and services....

          Scottish job growth eases to four-month low in April
          Business

          Scottish job growth eases to four-month low in April

          May 15, 2022

          The start of the second quarter saw a further marked increase in hiring activity across Scotland, according to the...

          About Us

          We bring you the latest and updated news from various authentic news sources about Politics, Business, Technology, UK News, Sports and much more. Stay tuned with us for updated news and events happenings arround.

          Recent Stories

          • NFTs Are A Disruptive New Form Of Tech That’s Transforming The World
          • Knowing The Debt Collection Practices

          Categories

          • Business
          • Crypto
          • Education
          • Entertainment
          • Health
          • Life Style
          • Motors
          • News
          • Opinion
          • Politics
          • Press Release
          • Real Estate
          • Sports
          • Technology
          • Travel
          • World

          All Rights Reserved © 2022 Bristol Press

          No Result
          View All Result
          • Home
            • Home – Layout 1
          • Landing Page
          • Buy JNews
          • Support Forum
          • Pre-sale Question
          • Contact Us