Scottish Insolvency Statistics: July To September 2019 - Insolvencies Increase

23rd October 2019

Accountant in Bankruptcy (AiB) has released official statistics reporting personal and company insolvencies in Scotland for the second quarter (July to September 2019) of 2019-20.

There were 3,466 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in Scotland in 2019-20 Q2, more than the 3,077 personal insolvencies in the same quarter in the previous financial year (2018-19 Q2).

A total of 1,178 bankruptcies were awarded during this quarter - a 1.6% increase on the same quarter in 2018-19. PTDs increased by 19.4% to 2,288 over the same period.

There were 751 debt payment programmes (DPPs) approved under the Debt Arrangement Scheme (DAS) compared with 636 in the same quarter of 2018-19.

A total of around £9.0 million was repaid through DAS during this quarter, a decrease of 2.0%, compared with the £9.2 million repaid in the same quarter of 2018-19.

The number of Scottish registered companies becoming insolvent or entering receivership increased slightly in the second quarter of 2019-20, with 235 companies becoming insolvent compared with 232 in the same quarter of 2018-19.

There were 127 members' voluntary liquidations (solvent liquidations) in 2019-20 Q2 compared with 108 in 2018-19 Q2 - an increase of 17.6%.

The figures released today were produced in accordance with the professional standards set out in the Code of Practice for Official Statistics.