Further evidence of the underlying robustness of Scotland’s economy (at the very sharpest end ie Decrees issued) indicated in the latest figures from the Scottish Registry Trust. Noticed these highly encouragingf figures carried on the Scottish legal site but have seen no mention in any other news outlet as yet. Link and snippets below:
According to figures released by Registry Trust, the number of decrees against Scottish businesses dropped by 28 per cent in the first six months of 2019 (compared to HY1 2018 figures) – totalling 1,140, the lowest of any first half-year on record.
The total number of decrees against incorporated businesses dropped by 29 per cent from the previous year’s figures, to 850.
The total number of decrees against the generally smaller unincorporated businesses fell 23 per cent on HY1 2018 figures, to 290 – a record first half-year low.
During the first half of 2019, 9,310 debt decrees were registered against consumers, 29 per cent lower than HY1 2018.
The number of small claims against consumers fell by 29 per cent in HY1 2019 to 8,498, with the total value down to £13.1m, a 28 per cent drop on HY1 2018’s record high figure of £18.1m.
Ordinary cause decrees against consumers in the first six months of 2019 dropped by 33 per cent to 812, compared to the same period the previous year.
The total value fell by 39 per cent to an all time first half-year low of £10.5m.
Scotland chairman Malcolm Hurlston CBE added: “The decree stats for both businesses and consumers are positive over this half year and give hope for a strengthening economy.”