The number of businesses failing in Scotland fell in the second quarter of 2017, compared to the same period in 2016, according to statistics from KPMG.
Figures for the quarter before June 30 show the number of insolvency appointments decreased by 27% compared to the same period in 2016.
There was also a 31% fall in liquidation appointments, which affect smaller businesses, but an 8% increase in administration appointments, which usually involve larger businesses.
A comparison between the 12 months to June 2017 and the same period to June 2016 showed a 7% fall in the number of insolvency appointments.
The professional services firm said there was also a 7% decrease in liquidation appointments and a 6% fall in administration appointments.
Blair Nimmo, head of restructuring for KPMG in the UK, said: “Marking an encouraging sign for business in Scotland, there has been a significant fall in corporate insolvencies during the last quarter, and in the last year.
“The statistics reflect our experience on the ground. Oil and gas has come through a very difficult period and in order to survive, many businesses in the sector have drastically changed their operating models and cut costs significantly.
“This has put them in a stronger position and, along with the support of their stakeholders, they continue to navigate through what is still a challenging period.
“As a result, we are seeing few insolvencies in this sector, with most of our work revolving around improving approaches to working capital management. Otherwise, it is difficult to detect any sectoral pattern in Scotland and overall, we sense a very cautious approach from most corporates, given the current political and economic climate.”
Mr Nimmo said the political climate has created more uncertainty and may have an impact on business confidence.
He added: “Looking to the future, clouds remain on the horizon. The likely impact of Brexit is yet to be seen and the recent election has undoubtedly introduced greater uncertainty, and may have had a negative effect on consumer and corporate confidence.
“Inflation is on the increase and interest rates may be about to rise, while adverse exchange rate movements could also be starting to impact on some sectors, with businesses expressing concern over their ability to pass on additional costs to their customers.”