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Accountant in Bankruptcy
News

Scottish Statutory Debt Solutions Statistics: January to March 2025 (2024-25 Quarter 4)

Published
Wednesday, 23 April 2025
Part of
Debt Arrangement Scheme, Protected Trust Deeds, Bankruptcy, Corporate Insolvency, Moratorium, Information Management, Systems

Accountant in Bankruptcy (AiB) has released official statistics reporting statutory debt solutions and company insolvencies in Scotland for the second quarter (January to March 2025) of the financial year 2024-25.

Scottish Statutory Debt Solutions Statistics for 2024-25 Quarter 4

There were 1,673 personal insolvencies (bankruptcies and PTDs) in 2024-25 Q4, 213 (11.3%) fewer than in the same quarter in the previous financial year (2023-24 Q4).

A total of 595 bankruptcies were awarded during this quarter – a decrease of 1.7% when compared to the same quarter in 2023-24. PTDs have decreased by 15.8% since 2023-24 Q4 with 1,078 in 2024-25 Q4.

In Q4 of 2024-25, a total of 442 bankruptcy awards were made following applications submitted to AiB, all through the revised fee structure. Of this total, 412 (93.2%) applicants were not required to pay any fee at all.

There were 947 applications for moratoria granted in 2024-25 Q4. This is 23 (2.4%) fewer than the figure of 970 granted in the same quarter in 2023-24.

There were 1,221 debt payment programmes (DPPs) under the DAS approved in 2024-25 Q4, compared with 1,234 approved in the same quarter of 2023-24 representing a decrease of 1.1%.

A total of 557 DPPs under the DAS were completed in 2024-25 Q4 – a 15.1% increase on the same quarter in 2023-24.

There were 498 DPPs revoked in 2024-25 Q4. This is 110 less than the 388 DPPs revoked in the same quarter of 2023-24, an increase of 15.1%.

The number of Scottish registered companies becoming insolvent or entering receivership decreased in the fourth quarter of 2024-25 when comparing to the same quarter in 2023-24, with 294 companies becoming insolvent, 2.3% less than the fourth quarter of 2023-24 where 301 companies became insolvent.

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

Background

A full statement of Scottish Statutory Debt Solutions statistics for the fourth quarter of 2024-25 is available: Quarterly statistics | Accountant in Bankruptcy (aib.gov.uk)

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