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JUDGMENTS AGAINST IRISH CONSUMERS RISE 20 PERCENT IN THE FINAL QUARTER OF 2019

IRISH SMALL BUSINESSES SEE 66 PERCENT INCREASE IN JUDGMENTS IN Q4 2019

There was a 20 percent rise in the number of judgments recorded against consumers in the Republic of Ireland in Q4 2019, compared to the same period last year, figures released (date: 27/01/2020) by registrar Irish Judgments show.

Consumer judgment numbers rose from 516 in Q4 2018 to 618 Q4 2019, while the total value grew by 31 percent from €47,606,712 in Q4 2018 to €62,393,251. The average and median values saw increases of nine and ten percent respectively suggesting larger judgments were being registered against consumers compared to the same quarter in 2018.

Judgments against all types of businesses, particularly small businesses, saw even larger increases than consumer judgments. Small business judgments increased 66 percent compared to 46 percent registered against all types of Irish businesses.

The total and average values of judgments registered against all businesses dropped significantly in the final quarter of 2019 compared to the same quarter of 2018.

Irish Judgments collects information on judgments from courts across Ireland registered by creditors at the Four Courts in Dublin. It is operated by Registry Trust, a non-profit company which collects court judgment information across the UK and Ireland

Mick McAteer as Registrar commented: “Registry Trust data on judgments provides a useful indicator of the state of household finances and the economy in Ireland. Judgments against both consumers and business saw significant rises. We will continue to monitor this closely”.

Judgments against consumers
Q4 2018 Q4 2019 Change (compared with Q4 2018)
volume 516 618 20%
total value €47,606,712 €62,393,251 31%
Average* value €92,261 €100,960 9%
median €10,727 €11,747 10%
Judgments against all businesses
Q4 2018 Q4 2019 Change (compared with Q4 2018)
volume 160 234 46%
total value €5,268,931 €3,398,949 -35%
Average* value €32,931 €14,525 -56%
median €7,340 €5,602 -24%
Judgments against incorporated businesses
Q4 2018 Q4 2019 Change (compared with Q4 2018)
volume 116 161 39%
total value €4,640,718 €2,533,822 -45%
Average* value €40,006 €15,738 -61%
median €7,340 €7,295 -1%
Judgments against unicorporated businesses
Q4 2018 Q4 2019 Change (compared with Q4 2018)
volume 44 73 66%
total value €628,213 €865,127 38%
Average* value €14,278 €11,851 -17%
median €7,165 €1,658 -77%

For more information please contact

f.byrne@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.