The number of debt decrees registered against Scottish businesses reached a record low during the first six months of the year, according to figures released by the Registry Trust.
There were 1,198 debt decrees registered against Scottish businesses in the first half of 2017, down a third on the previous year and the lowest on record. The total value of business decrees fell 55 percent to £7.6m and the average business decree was worth £6,342.
There was no change in the number of decrees against companies between the first half of 2017 and the first half of 2016. There was a 56 percent fall, however, in the number of decrees against the generally much smaller unincorporated businesses. The average corporate judgment decreased 52 percent to £8,140; the average non-corporate judgment fell 15 percent to £3,518.
Registry Trust chairman Malcolm Hurlston CBE said “Scottish business can take heart from these figures. If they need to expand they may well have the borrowing capacity.”
Decrees against all businesses Q1 and Q2 2017 (compared with Q1 and Q2 2016)
- Total: 1,198 (down 33 percent)
- Value: £7.6m (down 55 percent)
- Average: £6,342 (down 33 percent)
Decrees against incorporated businesses Q1 and Q2 2017
- Total: 732 (no change)
- Value: £6m (down 52 percent)
- Average: £8,140 (down 52 percent)
Decrees against unincorporated businesses Q1 and Q2 2017
- Total: 466 (down 56 percent)
- Value: £1.6m (down 62 percent)
- Average: £3,518 (down 15 percent)