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JUDGMENTS AGAINST IRISH CONSUMERS AND BUSINESSES SEE HUGE FALLS IN FIRST QUARTER 2021

The number and of judgments registered against Irish consumers and businesses saw huge falls in the first quarter of 2021(Q1 2020) compared to the same quarter last year, figures released today by registrar Irish Judgments show.

The number of judgments against consumers fell by 73 percent, from 565 to just 155. The total value fell by 71 percent, from nearly €26 million in Q1 2020 to €7.6 million in Q1 2021.

But, the average value of consumer judgments rose by over seven percent, from €45,924 to €49,223 and the median value by nearly 20 percent, from €7,827 to €9,387. Fewer but larger judgments on average were taken out against consumers.

Judgments against Irish businesses also saw sharp falls from 252 to 89, down 65 percent. However, the total value registered against businesses rose by 31 percent, from €3.8 million to just over €5 million. This meant that the average value saw a huge rise, up 270 percent from €15,184 to €56,183.

Mick McAteer as Registrar commented: “The latest data on judgments showing large falls in the number of judgments this quarter suggests that income support and regulatory interventions have shielded Irish households and businesses from the worst effects of the financial shocks caused by Covid19. But, the picture may be very different once the support measures are wound down. Numbers are already up sharply from the lows seen in Q2 2020.”

Q1 2020 Q1 2021 Change (compared with 2020)
Judgments against consumers
volume 565 155 -72.56%
total value €25,947,064 €7,629,515 -70.59%
average* value €45,924 €49,223 7.18%
median value €7,827 €9,387 19.93%
Judgments against all businesses
volume 252 89 -64.68%
total value €3,826,317 €5,000,331 30.68%
average* value €15,184 €56,183 270.02%
median value €6,387 €6,079 -4.82%
Judgments against incorporated businesses
volume 162 71 -56.17%
total value €2,687,021 €4,838,667 80.07%
average* value €16,587 €68,150 310.87%
median value €7,439 €5,870 -21.08%
Judgments against unincorporated businesses
volume 90 18 -80.00%
total value €1,139,296 €161,664 -85.81%
average* value €12,659 €8,981 -29.05%
median value €4,353 €7,999 83.76%
Satisfactions
volume 1 26 2,500%
total value €13,090 €2,789,232 21,208.11%
average* value €13,090 €107,278 719.54%
median value €13,090 €39,073 204.61%

For more information please contact

press@registry-trust.org.uk

+44 207 391 7287

www.registry-trust.org.uk

Notes for editors

Irish Judgments is part of Registry Trust, a non-profit company established in 1985. Registry Trust maintains public records of judgment and decree information for all jurisdictions in the British Isles and Ireland.

Irish Judgments holds a public register of judgments registered at the Four Courts in Dublin.

The figures are based only on judgments registered at the request and cost of creditors at the Four Courts in Dublin and therefore provide only a partial picture of debt in Ireland.

Judgments can be removed from the register if paid in full within one calendar month of the issue date and Irish Judgments 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’ to improve their credit rating.

Anyone may search for entries against a named person or business at a stated address or a corporate body in the Republic of Ireland, Northern Ireland, Scotland or England and Wales by visiting Registry Trust’s website www.trustonline.org.uk or by writing to Irish Judgments at Irish Judgments, Ulysses House, Foley Street, Dublin 1.