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Parliamentary debates and questions

S5W-08629: Gillian Martin (Aberdeenshire East)

Scottish National Party

Date lodged: 3 April 2017

To ask the Scottish Government what information it has regarding how the insolvency risk profile of firms in Scotland compares with the rest of the UK.

Answered by: Paul Wheelhouse 26 April 2017

The Scottish Government has certain functions in relation to corporate insolvency including the development of policy and recording of information about liquidations and receiverships of Scottish businesses. The reserved elements of corporate insolvency, including company voluntary arrangements and corporate administration, are the responsibility of the UK Government, and dealt with by The Insolvency Service

The following table shows the liquidation rates for companies in Scotland, England & Wales and Northern Ireland between 2015 and 2016 by quarter published by The Insolvency Service. The statistics are also available online at: www.gov.uk/government/collections/insolvency-service-official-statistics

Company liquidation rate, rolling 12-month percentages of active companies

 

 

 

 

 

 

 

 

 

Percentage

 

2015

 

2016

 

Q1

Q2

Q3

Q4

 

Q1

Q2

Q3

Q4

 

 

 

 

 

 

 

 

 

 

Scotland

0.51

0.47

0.48

0.49

 

0.50

0.52

0.51

0.49

England and Wales

0.51

0.49

0.47

0.44

 

0.43

0.42

0.41

0.47

Northern Ireland

0.76

0.73

0.71

0.70

 

0.67

0.73

0.69

0.70

 

 

 

 

 

 

 

 

 

 

Source: The Insolvency Service