Scottish Insolvency Statistics: January to March 2019 (2018-19 Quarter 4)

Accountant in Bankruptcy (AiB) today released official statistics reporting personal and company insolvencies in Scotland for the fourth quarter (January to March 2019) of 2018-19 and provisional estimates for the 2018-19 financial year.

Scottish insolvency statistics in 2018-19

Provisional estimates show that in 2018-19 personal insolvencies in Scotland increased by 20.5% to 12,779 from 10,602 in 2017-18. Estimates for 2018-19 are provisional until final figures are published in 24 July 2019.

Personal insolvencies (bankruptcies and protected trust deeds (PTDs)) rose for the third consecutive year but remain below levels seen between 2006-07 and 2013-14.

The increase in personal insolvencies in 2018-19 was due to PTDs, which increased by 32.9% on the previous year.

In 2018-19, there were 2,544 debt payment programmes (DPPs) approved under the Debt Arrangement Scheme (DAS), 226 more than a year earlier. In 2018-19, £37.1 million was repaid from debtors under DAS compared with £37.6 million in 2017-18.

Corporate insolvencies increased from 884 in 2017-18 to 966 in 2018-19.

Scottish Insolvency Statistics for January to March 2019 (2018-19 Q4)

There were 3,272 personal insolvencies in Scotland in 2018-19 Q4, more than the 2,533 personal insolvencies in the quarter in the previous year (2017-18 Q4).

There were 1,223 bankruptcies awarded during this quarter, a 14.4% increase on the same quarter in 2017-18. PTDs increased by 40.0% to 2,049 over the same period.

There were 597 DPPs approved under DAS compared with 489 in the same quarter of 2017-18.

A total of £9.4 million was repaid through DAS during this quarter, compared with £9.3 million in 2017-18 Q4.

The number of Scottish registered companies becoming insolvent or entering receivership increased in the fourth quarter of 2018-19, with 280 companies becoming insolvent compared with 259 in 2017-18 Q4. There were 137 members’ voluntary liquidations (solvent liquidations) in 2018-19 compared with 119 in 2017-18 Q4.

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


A full statement of Scotland’s insolvency statistics for the fourth quarter of 2018-19 is available.

AiB reports on the number of corporate insolvencies and member voluntary liquidations logged. As a consequence of the time taken between the date a corporate insolvency is awarded or a member voluntary liquidation is registered and when AiB receives notice, the figures may not exactly reflect the number of corporate insolvencies awarded or member voluntary liquidations registered during a quarter.

Further information regarding insolvency in Scotland, including legislation, can be found on the Accountant in Bankruptcy’s website


Suzan Gunn, Communications Officer, Accountant in Bankruptcy

Telephone: 0300 200 2631