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ENGLAND & WALES BUSINESS CCJs RISE SEVENTY PERCENT OVER THE YEAR

County Court Judgments (CCJs) against businesses in England and Wales rose by 70 percent in Q3 2021, compared to the same quarter in 2020, according to figures released today (14.10.2021) by Registry Trust.

The number of business CCJs increased from 15,970 in Q3 2020 to 27,073 in Q3 2021. The total value of CCJ debt owed by businesses rose by one third, from £81 million to £108 million. The average value of business debt fell by over one fifth (21 percent) from £5,063 to £3,975, while the median value halved falling from £1,919 to £961 over the period.

The number of judgments against larger incorporated businesses increased by 91 percent, from 10,756 to 20,559. The total value rose from £63 million to £89 million, an increase of 42 percent. The average value fell by over one quarter (26 percent) from £5,844 to £4,332, while the median value was down 60 percent from £2,280 to £902.

CCJs against smaller unincorporated businesses also rose, by one quarter, from 5,214 to 6,514. However, the total value rose by just three percent from £18 million to £18.5 million. This meant the average value fell by nearly 18 percent from £3,452 to £2,846, while the median value was down by 14 percent from £1,405 to £1,205.

The number of High Court Judgments against businesses fell by nearly one quarter (24 percent) from 50 to 38, with the total value 62 percent lower at £52 million compared to £137 million in the same period last year. The small number of registered High Court Judgments means these figures are subject to large fluctuations.

Mick McAteer, Chair of Registry Trust, said: “Judgments against businesses in England and Wales saw large increases this quarter compared to the same period last year. At that time, Covid interventions by government and regulators, and forbearance by creditors, had kept judgment numbers at historically low levels. But, numbers have begun to rise again. It looks like Covid economic crisis is far from over for many businesses. This will be worth monitoring as recent Registry Trust research[1] found a link between judgments and subsequent insolvencies”.

-Ends-

[1] https://www.registry-trust.org.uk/press/registry-trust-data-analysis-highlights-insolvency-early-warning-sign-for-companies-with-outstanding-ccjs/

Q3 2020 Q3 2021 Change (compared with 2020)
CCJs against all businesses 15,970 27,073 69.5%
volume £80,858,027 £107,605,193 33.1%
total value £5,063 £3,975 -21.4%
average* value £1,919 £961 -49.9%
median
CCJs against incorporated businesses 10,756 20,559 91.1%
volume £62,857,574 £89,063,930 41.6%
total value £5,844 £4,332 -25.8%
average* value £2,280 £902 -60.4%
median
CCJs against unincorporated businesses 5,214 6,514 24.9%
volume £18,000,453 £18,541,263 3.0%
total value £3,452 £2,846 -17.5%
average* value £1,405 £1,205 -14.2%
median
High Court judgments against all businesses
volume 50 38 -24.0%
total value £136,904,459 £51,866,574 -62.1%
average* value £2,738,089 £1,364,910 -50.2%
median £13,899 £59,139 325.5%
Satisfactions registered by all businesses
volume 3090 2164 -29.9%
total value £10,640,601 £6,940,674 -34.7%
average* value £3,444 £3,207 6.8%
median £1,395 £1,452 4.1%

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.