Rising numbers of North Sea oilfield service firms in ‘crisis mode’
A restructuring specialist has warned more North Sea oilfield service firms are “operating in crisis mode” and that he expects to see higher levels of insolvencies next year.
insolvencies
Restructuring set to be major feature in future
A wave of restructuring will wash through the North Sea oil industry as firms battle to make themselves “fit” for the new reality, a top accountant has said.
KPMG reveals corporate insolvencies down by almost a third
The number of Scottish firms going out of business has fallen to pre-recession levels.