Accountant in Bankruptcy (AIB) has published Scotland’s latest Insolvency figures. The number of Scottish registered companies becoming insolvent or entering receivership decreased in the fourth quarter of 2016-17, with 155 companies becoming insolvent compared with 230 in 2015-16 Q4. The number of members’ voluntary liquidations (solvent liquidations) decreased from 358 to 119 over the same period.

There were 840 corporate insolvencies in 2016-­17, 63 fewer than in 2015­-16 and  591 Members’ Voluntary Liquidations (MVLs), a 27% decrease on the previous year. In 2015­-16 there was a spike in MVLs inJanuaryy to March 2016, likely due to an increase in the number of oil companies closing down. The number of MVLs in 2016­17 has fallen back but remains higher than the 480 MVLs in 2014­15. Table 2 shows the types of corporate insolvency between 2015­16 Q3 and 2016­17 Q4. The majority of corporate insolvencies are compulsory liquidations with all types decreasing since 2015­16 Q4.