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
England and Wales
Source: The Insolvency Service