SCOTTISH DECREES SEE LARGE FALLS IN 2020 – BUT NUMBERS ARE RISING AGAIN
The number of decrees and total amount of debt registered against Scottish consumers fell sharply in 2020 compared to 2019, according to figures released today (08.01.2021) by Registry Trust.
The number of decrees fell by 31 percent from 19,153 to 13,308. The total value fell from £49.6 million to £37.2 million, a fall of 25 percent compared to last year. The average value of decrees rose by eight percent from £2,591 to £2,795, with the median value rising three percent from £1,401 to £1,451.
The number of decrees against Scottish businesses also fell, by 28 percent, from 2,804 to 1,996. The total value fell 24 percent from nearly £16 million to just over £12 million. The average value rose by six percent from £5,692 to £6,057.
Decrees against larger firms fell by 25 percent, from 2,241 to 1,687. The total value fell 30 percent, from £13.2 million to £9.3 million, with the average value down seven percent, from £5,929 to £5,518. Decrees against smaller businesses fell 45 percent from 563 to 309, with the total value up four percent from £2.7 million to £2.8 million, and the average value up 89 percent from £4,749 to £8,998.
But, following huge falls in the first half of the year, numbers are rising again. The total number of judgments rose by 17 percent in Q4 2020 compared to Q3 2020.
Trust chairman Mick McAteer said: “Interventions by government and regulators, and forbearance by creditors, helped Scottish consumers and businesses during the Covid-19 crisis. But, as feared, the rise in decrees suggests the economic effects of the pandemic are working their way through the system.”
|Half Year 2019||Half Year 2020||Change (compared with 2019)|
|Decrees against consumers|
|Decrees against all businesses|
|Decrees against incorporated businesses|
|Decrees against unincorporated businesses|