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ENGLAND & WALES BUSINESS CCJs FALL FIFTY EIGHT PERCENT

County Court Judgments (CCJs) against businesses in England and Wales fell 58 percent in Q3 2020, compared to the same quarter in 2019, according to figures released today (Oct 29th 2020) by Registry Trust.

The number of CCJs against businesses decreased from 37,589 in Q3 2019 to 15,970 in Q3 2020. The total value of CCJ debt owed by businesses fell by 24 percent, from £106 million to £81 million. The average value of business debt hit £5,063 this quarter, 79 percent higher than in Q1 2019. The median value more than doubled from £902 to £1,919 over the period.

Larger incorporated businesses fared better than small businesses this quarter. The number of judgments against incorporated businesses fell by 64 percent, from 29,571 in Q3 2019 to 10,756 in Q3 2020. The total value of judgments fell by 24 percent from £82 million to £63 million. The average value has more than doubled from £2,790 to £5,844, with the median value up 153 percent from £902 to £2,280.

CCJs against smaller unincorporated businesses also fell significantly but not by as much as those against larger businesses. The number of judgments fell by 35 percent from 8,018 to 5,214, with the total value dropping from £24 million to £18 million, a fall of 24 percent. The average value rose from £2,951 to £3,452, up 17 percent. The median value rose by 15 percent from £1,226 to £1,405.

The number of High Court Judgments against businesses rose from six in Q3 2019 to 50 in Q3 2020, with the value rising from under £1 million to £136 million. The small number of registered High Court Judgments means these figures are subject to large fluctuations.

Mick McAteer, chairman of Registry Trust said: “The fall in judgments against businesses this quarter is encouraging. Interventions by government have shielded businesses against the worst economic impacts of Covid19. But, the damage to business finances could begin to show up later on”.

Half Year 2019 Half Year 2020 Change (compared with 2019)
CCJs against all businesses
volume 37,589 15,970 -57.51%
total value £106,147,743 £80,858,027 -23.83%
average* value £2,824 £5,063 79.30%
median £902 £1,919 112.69%
CCJs against incorporated businesses
volume 29,571 10,756 -63.63%
total value £82,489,257 £62,857,574 -23.80%
average* value £2,790 £5,844 109.50%
median £902 £2,280 152.77%
CCJs against unincorporated businesses
volume 8,018 5,214 -34.97%
total value £23,658,486 £18,000,453 -23.92%
average* value £2,951 £3,452 17.00%
median £1,226 £1,405 14.56%
High Court judgments against all businesses
volume 6 50 733.33%
total value £869,696 £136,904,459 15641.65%
average* value £144,949 £2,738,089 1789.00%
median £6,489 £13,899 114.21%
Satisfactions registered by all businesses
volume 3,610 3,090 -14.40%
total value £9,899,306 £10,640,601 7.49%
average* value £2,742 £3,444 25.60%
median £1,260 £1,395 10.71%

For more information contact

press@registry-trust.org.uk

0207 391 7287

www.registry-trust.org.uk

Notes for editors

Registry Trust is the Registrar for Judgments, Orders and Fines in England and Wales on behalf of the Ministry of Justice. The Register includes county court judgments, high court judgments, CSA liability orders, fine defaults and tribunal awards for England and Wales.

CCJs are removed from the register if paid in full within one calendar month of the judgment date, but will otherwise remain registered for six years. If fully paid outside the one calendar month, defendants can apply to have the judgment marked as ‘satisfied’ which will improve their credit rating.

Anyone may search for entries against a named person or business at a stated address or a corporate body in Great Britain, Northern Ireland and the Republic of Ireland by visiting Registry Trust’s website www.trustonline.org.uk or by writing to Registry Trust, 153-157 Cleveland Street, London W1T 6QW.