SCOTTISH DECREES SEE LARGE FALLS IN Q4 2020 COMPARED TO LAST YEAR – BUT NUMBERS ARE RISING SHARPLY AGAIN
The number of decrees and total amount of debt registered against Scottish consumers fell sharply in the fourth quarter of 2020 compared to the same period last year, according to figures released today (08.01.2021) by Registry Trust.
The number of decrees fell by 27 percent from 4,984 to 3,654. The total value fell from £12.9 million to £10.8 million, a fall of 16 percent compared to the same period last year. The average value of decrees rose by 15 percent from £2,582 to £2,961, with the median value rising nine percent from £1,453 to £1,580.
Decrees against Scottish businesses also fell, by 44 percent, from 859 to 481. However, the total value rose by 69 percent from just over £3 million to £5.1 million. As a result, the average value rose from £3,500 to £10,534, an increase of 200 percent. The median value rose by 142 percent from £1,068 to £2,580.
The number of decrees against larger firms fell by 43 percent, from 721 to 411. The total value rose by 92 percent, from just over £2 million to £3.9 million, with the average value up 237 percent, from £2,798 to £9,437. Decrees against smaller businesses also fell 49 percent, from 138 to 70. The total value rose by 20 percent from just under £1 million to £1.2 million, with the average value up 137 percent, from £7,169 to £16,976.
Trust chairman Mick McAteer said: “Interventions by government and regulators, and forbearance by creditors, have helped Scottish consumers and businesses during the Covid-19 crisis. But, as feared, numbers are now rising sharply again as the economic effects of the pandemic work 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|