Reports of a strong Scottish economy just keep coming. Now debt decrees down 93% in the last three months

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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.

http://www.insider.co.uk/news/debt-decrees-against-scottish-businesses-11499376

The role of the Scottish Government in assisting smaller businesses can be seen here:

£226 million given in relief to small businesses in 2017-18 as part of most generous scheme in the UK

This is clear evidence of a strengthening economy and come after a string of other reports reinforcing that view, such as:

Business booms in Scotland under SNP-rule

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.

Scottish businesses report much greater optimism about their futures for the third quarter in a row but the Fraser of Allander ‘Institute’ can’t help scratching their ‘buts’.

Scottish businesses continue to show signs of health with insolvencies down 23% as the Scottish economy holds strong

Ruth and Kezia sob as they hear Scotland is ranked as the best place in the UK to start a business. Will this good news never end?

Scottish businesses showing signs of greater health than those in the rest of the UK

The above are merely the more recent reports. If you search the blog for ‘business’ and go back further, there are many more.

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