A SCIO which has enough assets to pay its debts as they arise can apply to us for solvent dissolution.  If we approve, the SCIO will have time to wind up its affairs before we remove it from the Register and dissolve it.

The table lists current applications for this process.  We publish each proposed dissolution for 28 days.

If you have contracted with or are otherwise involved with the SCIO, and are concerned about its proposal to dissolve (for instance if it owes you an outstanding debt) or if you have relevant information, you can contact us about it.  If you wish to do so, you must contact us by the last date given in the table.

A SCIO which is insolvent - that is, which is unable to pay its debts - and has outstanding debts of at least £1,500 may apply to OSCR for insolvent dissolution.  The process of insolvent dissolution involves the Accountant in Bankruptcy (AiB) sequestrating the SCIO's estate prior to our removing it from the Register and dissolve it.

Sequestration is the legal term for bankruptcy and is the process for the relief of unpaid or overdue debts. Accountant in Bankruptcy (AiB) is an agency of the Scottish Government which supervises the process of insolvency in Scotland.  The decision on whether the SCIO's estate should be sequestrated is made by AiB, not by us.

The table below lists the SCIOs which have recently applied to us for insolvent dissolution. There is no right for third parties to make representations to us about an application for insolvent dissolution.  However, if you are a creditor of the SCIO and are concerned about any outstanding debts to you, you can get further information from the Accountant in Bankruptcy website.  

AiB can also be contacted at:

The Accountant in Bankruptcy
1 Pennyburn Road
Kilwinning
KA13 6SA

Tel: 0300 200 2600