Number of Scots firms in significant and critical problems rose 17 per cent in fourth quarter of 2011
Scottish businesses showing critical levels of financial distress are rising at a much faster rate than the UK average, which Begbies said rose by just one per cent over the same three month period.
Begbies Red Flag quarterly report suggests 99,448 UK companies face significant or critical financial problems - 5,916 of which are based in Scotland.
Businesses facing significant distress in Scotland rose by one per cent in the fourth quarter compared with a drop of two per cent for the rest of the UK.
However, there was a 16 per cent rise in the number of businesses reported to be in critical distress in Scotland in the fourth quarter.
The hardest hit sectors are business-to-business support services, accounting for a quarter of distressed companies identified, and the construction sector, makingup 12 per cent of firms in financial distress.
Ken Pattullo, from Begbies Traynor, said: "We had expected the impact of public sector cuts in Scotland to lag behind the rest of the UK due to the timings of the respective elections, but we now appear to be feeling the knock-on effect through the wider Scottish economy.
"We could continue to see this through the next two or three quarters."
He added: "This rise in Scotland coincides with a general spread in distress across numerous sectors and regions of the UK economy that suggests that the effects of the recession have now reached every corner of the United Kingdom."
Begbies Red Flag statistics are compiled from the numbers of companies experiencing difficulties in two categories:"significant problems" and "critical problems".
Companies with "significant problems"are those with either a court action or poor, very poor insolvent or out of date accounts.
Those with "critical problems"have County Court Judgements totalling £5,000 or more and/or Wind-Up Petition related actions.