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ENGLAND & WALES BUSINESS CCJs FALL SIX PERCENT IN Q1 2020

County Court Judgments (CCJs) against businesses England and Wales fell six percent in Q1 2020, compared to the same quarter in 2019, according to figures released today (23/04/2020) by Registry Trust.

The number of CCJs against businesses decreased from 35,781 in Q1 2019 to 33,520 in Q1 2020. The total value of judgments saw an increase of one percent, bringing the total CCJ debt owed by England & Wales businesses to £108.4 million for the quarter. The average value of business debt hit £3,233 this quarter, eight percent more than was seen in Q1 of 2019. The median value rose from £933 to £974 over the period.

Small businesses fared better than larger businesses this quarter. The number of CCJs against unincorporated businesses dropped 13 percent, from 8,717 in Q1 2019 to 7,563 in Q1 2020. The total amount of CCJ debt owed by small businesses also fell by 13 percent from just under £25 million to £21.7 million.

The value of judgments against incorporated businesses rose by five percent from £82 million to £86.7 million over the period, while the number fell by four percent from 27,064 to 25,957. The average value rose by 10 percent.

The number of High Court Judgments against businesses rose 281 percent, from 16 in Q1 2019, to 61 in Q1 2020, due to the small number of registered High Court Judgments, these figures are subject to large fluctuations.

Mick McAteer, chairman of Registry Trust said: “The fall in judgments against small businesses this quarter is encouraging. Interventions by government should shield businesses against the worst economic impacts of Covid19 so we may see another major fall in numbers next quarter. But, the damage to business finances could show up later this year”.

Q1 2019 Q1 2020 Change (compared with 2019)
CCJs against all businesses
volume 35,781 33,520 -6.32%
total value £107,250,527 £108,381,780 1.05%
Average* value £2,997 £3,233 7.87%
median £933 £974 4.39%
CCJs against incorporated businesses
volume 27,064 25,957 -4.09%
total value £82,337,801 £86,705,809 5.30%
Average* value £3,042 £3,340 9.80%
median £902 £902 0.00%
CCJs against unincorporated businesses
volume 8,717 7,563 -13.24%
total value £24,912,726 £21,675,971 -12.99%
Average* value £2,858 £2,866 0.28%
median £1,223 £1,138 -6.95%
High Court judgments against all businesses
volume 16 61 281.25%
total value £7,135,034 £18,652,139 161.42%
Average* value £445,940 £305,773 -31.43%
median £27,216 £10,000 -63.26%

For more information contact

f.byrne@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.