The number of debt decrees registered against Scottish businesses rose sharply during the first half of 2018, according to the latest figures released by the Registry Trust.

There were 1,573 decrees issued against all businesses in Scotland during Q1 and Q2 2018, 31 percent more than during the same period of the previous year. A massive 64 percent rise in the number of decrees issued against companies accounted for this increase. In sharp contrast the number of decrees registered against unincorporated businesses, which are generally smaller, decreased by 19 percent.

Despite rising in number, the average company decree’s value halved causing the total value of company decrees to fall 17 percent; the total value of non-corporate decrees surged 51 percent. Together, these changes caused the total value of all business decrees to drop two percent.

Business statistics

●   Q1 and Q2 2018 Decrees against all businesses (compared with Q1 and Q2 2017)

○        Total: 1,573 (up 31 percent)

○        Total value: £7,413,013 (down two percent)

○        Average value: £4,713 (down 26 percent)

○        Median: £1,687 (up two percent)

●      Q1 and Q2 2018 Decrees against incorporated businesses

○        Total: 1,197 (up 64 percent)

○        Total value: £4,935,712 (down 17 percent)

○        Average value: £4,123 (down 49 percent)

○        Median: £1,545 (down 14 percent)

●       Q1 and Q2 2018 Decrees against unincorporated businesses

○        Total: 376 (down 19 percent)

○        Total value: £2,477,301 (up 51 percent)

○        Average value: £6,589 (up 87 percent)

○        Median: £2,109 (up 46 percent)