Scottish registered companies becoming insolvent or entering receivership.
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Accountant in Bankruptcy (AiB) is responsible for devolved elements of corporate insolvency. The Scottish Government’s competence is limited to the process of company liquidation and receivership, and the management and maintenance of the Register of Insolvencies (RoI) regarding insolvency of individuals and businesses in Scotland.
The RoI contains details of liquidation and receivership of Scottish businesses which are wound up by either a Sheriff Court or the Court of Session. AiB is required to be notified of all company liquidations and receiverships in Scotland.
Reserved elements remain the responsibility of the UK Government and are dealt with by The Insolvency Service, an executive agency sponsored by the Department for Business, Energy & Industrial Strategy. Reserved elements include: company voluntary arrangements, administration, legal effects of liquidation and regulation of insolvency practitioners. Statistics on these reserved elements are available from The Insolvency Service.
This dataset does not contain any sensitive or personal information.
Checks are in place to identify and remove duplication of cases when extracting data from the administrative systems, to ensure that returns cover all debt management solutions, and to check consistency within tables and between related tables.
All formal insolvency procedures entered into by a company, a partnership or an individual are required by law to be reported to the appropriate body, so the statistics should be a complete record of insolvency in Scotland at the time of publication.
The statistics presented below are based on the date the insolvency was registered on AiB's administrative system. There is a time lag between the dates when a corporate insolvency is awarded or a member voluntary liquidation is registered and when AiB receives notice. Therefore, the figures reported by AiB may not exactly reflect the number of corporate insolvencies awarded or member voluntary liquidations registered in a quarter. This should be noted when making comparisons of trends over time; or comparing with other sources of data.
AiB is required to be notified of all company liquidations and receiverships in Scotland, and publishes quarterly official statistics based on its own administrative records. These differ from the Insolvency Service Statistics, which use data from Companies House as the source. Differences are due to AiB using its own administrative system’s data rather than the start date of the insolvency.
Changes in legislation and policy can affect the extent to which comparisons can be made over time for individual data series. Where such changes are known, they have been highlighted in the general background notes for the quarterly Scottish Statutory Debt Solution Statistics, available from AiB.
Further information on the historical trends of the corporate insolvencies in Scotland can also be found in AiB’s annual and quarterly statistics reports.
Scottish corporate insolvencies presented in this dataset may not be consistent with the official, quarterly Scottish Statutory Debt Solution Statistics publication. This dataset is based on data extracted from the live database at a different point in time and on a different basis. The quarterly statistics are the definitive source of the number of Scottish corporate insolvencies.
The Scottish Statutory Debt Solution Statistics are available free of charge to the end user on the AiB website. They are released via the AiB website, ScotStat and this website.
The statistics produced by AiB are the most complete record of corporate insolvencies in Scotland. However, see "Coherence and Comparability" for further information.
This dataset does not include non-statutory debt solutions. This is where debtors make their own arrangements with creditors or enter informal debt management plans with a debt management firm.
Key users of AiB’s insolvency statistics are AiB itself (which has policy responsibility for personal insolvencies in Scotland), the insolvency profession, local authorities, debt advice agencies, media organisations, academics, creditors and the general public.
The latest data relate to the financial year 2020-21. The final 2020-21 figures were published in 02 August 2021 as part of the new Scottish Statutory Debt Solutions annual statistics publication. Future updates to this dataset will be made annually, alongside the publication of AiB’s new annual statistics publication.
The quarterly Scottish Statutory Debt Solution Statistics contain the latest statistics on personal and corporate insolvencies in Scotland. The Scottish Statutory Debt Solution Statistics are published on the fourth Wednesday of the month on the AiB website following the end of the quarter being reported on. This publication date allows receipt of all the data inputs, and sufficient time for quality assurance the data extracts, tabulating records and completing the compilation of the statistical release in the publication format.
Scottish corporate insolvencies are based on finalised data and as such there are no associated planned revisions. There are times, however, when revisions may still need to be made. Where ad-hoc revisions are made, they will be highlighted and reasons for any revisions will be given. More information on the revision policy can be requested from AiB.
This is a linked data resource: it has a permanent unique uri at which both humans and machines can find it on the Internet, and which can be used an identifier in queries on our SPARQL endpoint.
A linked data-orientated view of dimensions and values
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Linked Data is stored in graphs. We keep dataset contents (the data) separately from the metadata, to make it easier for you to find exactly what you need.
The data in this dataset are stored in the graph: http://statistics.gov.scot/graph/corporate-insolvency
The data structure definition for this data cube dataset is stored in the same graph as the data: http://statistics.gov.scot/graph/corporate-insolvency
All other metadata about this dataset are stored in the graph: http://statistics.gov.scot/graph/corporate-insolvency/metadata
A breakdown by type of the 49 resources in this dataset's data graph.
| Resource type | Number of resources |
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| Collection | 2 |
| Component specification | 5 |
| Data set | 1 |
| Data structure definition | 1 |
| Observation | 40 |
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