ENGLAND & WALES BUSINESS CCJs RISE FIFTY NINE PERCENT OVER THE YEAR
County Court Judgments (CCJs) against businesses in England and Wales rose by 59 percent in Q2 2021, compared to the same quarter in 2020, according to figures released today (27.07.2021) by Registry Trust.
The number of business CCJs increased from 12,597 in Q2 2020 to 20,014 in Q2 2021. The total value of CCJ debt owed by businesses rose by 38 percent, from £56 million to £78 million. The average value of business debt fell by nearly 13 percent from £4,481 to £3,905 while the median value fell by 43 percent from £1,845 to £1,042over the period.
The number of judgments against larger incorporated businesses increased by 68 percent, from 8,942 to 15,035 with the total value up from £45 million to £over £63 million. The average value fell by over 16 percent from £5,035 to £4,207 with the median value down 56 percent from £2,089 to £920.
CCJs against smaller unincorporated businesses also rose, up by 36 percent from 3,655 to 4,979, with the total value rising just over 30 percent from £11.4 million to £14.9 million. The average value fell slightly, down just over four percent from £3,125 to £2,993. The median value fell more, by 12 percent from £1,365 to £1,203.
The number of High Court Judgments against businesses fell by nearly two-thirds (63 percent) from 102 to 38, with the value 88 percent lower at £16 million compared to £136 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, interventions by government and regulators, and forbearance by creditors, in response to the Covid crisis had kept judgment numbers at historically low levels. But, as these measures were wound down, numbers began to rise again. It looks like Covid economic crisis is far from over for many businesses”.
|Q2 2020||Q2 2021||Change (compared with 2020)|
|CCJs against all businesses|
|CCJs against incorporated businesses|
|CCJs against unincorporated businesses|
|High Court judgments against all businesses|
|Satisfactions registered by all businesses|