The number of debt decrees registered against Scottish companies rose by 21 percent during the first quarter of the year, according to figures released today by Registry Trust.
Over the same quarter the average value of a company decree rose by five percent. By contrast decrees against businesses which were not incorporated moved strongly in the opposite direction. The number of decrees was down 41 percent and the average value down 29 percent.
“The contrasting experience of businesses is a cause for concern because there isno clear and immediate explanation,” said Registry Trust chairman Malcolm Hurlston CBE. “Certainly, a close eye is needed on the wellbeing of the corporate sector.”
Decrees against all businesses Q1 2017 (compared with Q1 2016)
- Total: 723 (down 17 percent)
- Value: £3m (down 25 percent)
- Average: £4,251 (down nine percent)
Decrees against incorporated businesses Q1 2017
- Total: 408 (up 21 percent)
- Value: £2m (up 27 percent)
- Average: £5,001 (up five percent)
Decrees against unincorporated businesses Q1 2017
- Total: 315 (down 41 percent)
- Value: £1m (down 58 percent)
- Average: £3,279 (down 29 percent)
