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.
Accountant in Bankruptcy (AiB) develops policy for certain aspects of corporate insolvency and is responsible for receiving and recording information on liquidations and receiverships of Scottish businesses, held in the Register of Insolvencies (RoI). 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.
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.
Scottish registered companies becoming insolvent or entering receivership.
The Scottish Debt Solutions Statistics are available free of charge to the end user on the [AiB website](https://www.aib.gov.uk/about-aib/statistics-data/quarterly-statistics), ScotStat and this website.
This dataset does not contain any sensitive or personal information.
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 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 Insolvency Statistics, available from AiB. Further information on the historical trends of the statutory debt solution in Scotland can also be found in AiB's annual corporate report and quarterly statistics reports. Scottish corporate insolvencies presented in this dataset may not be consistent with the official, quarterly Scottish Statutory Debt Solutions 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.
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.
The latest data relate to the financial year 2022-23. The final 2022-23 figures were published in July 2023 as part of the Scottish Statutory Debt Solutions: April to June 2023 (2023-24 Q1) statistical release. They were also included in Scottish Statutory Debt Solutions Annual Statistics, published on 02 August 2023. Future updates to this dataset will be made annually, alongside the publication of these statistics. The quarterly Scottish Debt Solutions Statistical release contains the latest statistics on personal and corporate insolvencies, as well as DAS in Scotland. They 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.
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 debt solution statistics are AiB itself (which has policy responsibility for personal insolvencies and DAS in Scotland), the insolvency profession, local authorities, debt advice agencies, media organisations, academics, creditors and the general public.