Scottish business decrees fall by 13%

The number of decrees and total amount of debt registered against Scottish businesses in 2021 declined when compared to 2020, according to figures released by the Registry Trust.

The number of decrees against incorporated businesses also fell, by 13 percent, from 1,687 to 1,472. The total value saw even larger falls, down 21 percent, from £9 million to £7 million. The average value fell by nearly 10 percent, from £5,518 to £4,979. But, the median value rose by 34 percent from £1,504 to £2,022. The data on business suggest a fall in the number of very large value decrees.

Decrees against smaller businesses also declined, by 10 percent, from 1,687 to 1,472. The total value saw larger falls, down 46 percent from £2.8 million to £1.5million. As a result, the average value saw a sharp fall of 39 percent, from £8,998 to £5,468. In contrast, the median value rose by 17 percent from £1,800 to £2,104.