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THE NUMBER OF JUDGMENTS REGISTERED AGAINST CONSUMERS IN JERSEY FALLS BY 18 PERCENT IN Q4 2020 - BUT THE TOTAL VALUE SEES HUGE RISES

The number of judgments issued in the Jersey Petty and Royal Courts against consumers fell in the fourth quarter of 2020 compared to the same quarter in 2019, according to data published today (08.01.2021) by Registry Trust. The total number of judgments issued against consumers fell from 287 to 234, a fall of 18 percent.

But, the total value of judgments issued against Jersey consumers saw a huge rise of 453 percent, from £605,646 to £3.34 million. As a result, the average value jumped from £2,110 to £14,317, a rise of 578 percent. The median value also rose but by a smaller amount, 28 percent, from £365 to £467.

Judgments against Jersey businesses saw even sharper falls. The numbers of judgments against businesses in Q4 2020 fell to 37, a fall of 20 percent from the 46 issued in the same period of 2019.

The total value of business judgments registered in the quarter also fell, by 58 percent, from £273,192 to £114,677 in the same period of 2019. The average value of business judgments almost halved, down 48 percent from £5,939 to £3,099. The median value fell even further, down 77 percent from £4,945 to £1,143.

Registry Trust chairman, Mick McAteer, said: The protections provided by policy and regulatory interventions, and creditor forbearance, meant judgment numbers in Q4 2020 are well down on the same quarter in 2019. But, it is important to note that the full economic of Covid-19 has not shown up in the data. That will change as protections are unwound. The quarter also saw a significant increase in large value judgments against consumers.”

Half Year 2019 Half Year 2020 Change (compared with 2019)
Consumer judgments
volume 287 234 -18.47%
total value £605,646 £3,350,103 453.15%
average* value £2,110 £14,317 578.43%
median £365 £467 27.95%
Business judgments
volume 46 37 -19.57%
total value £273,192 £114,677 -58.02%
average* value £5,939 £3,099 -47.81%
median £4,945 £1,143 -76.89%
Satisfactions
volume 20 38 90.00%
total value £42,465 £3,008,889 31,629.29%
average* value £499 £79,181 15,764.65%
median £202 £218 7.92%

For more information contact

press@registry-trust.org.uk

020 7391 7287

www.registry-trust.org.uk

Notes for editors

Registry Trust is a non-profit company established in 1985. Registry Trust holds a public register of Jersey judgments. It collects judgments from the petty debts and royal court in agreement with the Jersey Courts.

Judgments can be removed from the register if paid in full within one calendar month of the issue date and Registry Trust is informed, but will otherwise remain registered for six years. If fully paid outside the one calendar month, the defendant can apply to have the judgment marked as ‘satisfied’ and that should have a favourable impact on the credit score.