A debt decree is, according to the Registry Trust, ‘incontrovertible proof of failure to manage debt or to put in plainly a business in trouble
Debt decrees were down 43% in Quarter 3 of the year after a fall of 33% in the first six months of the year. The average value of a decree was down 91% and the total value was down 93% in those same three months though, as the authors point out, there were two very big decrees in 2016 which help make the reduction seem so large. It’s not clear how rare that is.
The role of the Scottish Government in assisting smaller businesses can be seen here:
This is clear evidence of a strengthening economy and come after a string of other reports reinforcing that view, such as:
77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.
The above are merely the more recent reports. If you search the blog for ‘business’ and go back further, there are many more.