ENGLAND & WALES BUSINESS CCJs FALL 36 PERCENT IN Q4 2020
County Court Judgments (CCJs) against businesses in England and Wales fell 36 percent in Q4 2020, compared to the same quarter in 2019, according to figures released today (08.01.2021) by Registry Trust.
The number of CCJs against businesses decreased from 23,418 in Q4 2019 to 15,052 in Q4 2020. The total value of CCJ debt owed by businesses fell by 17 percent, from £92 million to £77 million. The average value of business debt hit £5,089 in the quarter, 29 percent higher than the £3,942 seen in Q4 2019. The median value rose by 20 percent from £1,494 to £1,796 over the period.
The number of judgments against larger incorporated businesses fell by 37 percent, from 15,626 in Q4 2019 to 9,882 in Q4 2020. The total value of judgments fell by much less, 12 percent, from £69 million to £60 million. As a result, the average value rose by 39 percent £4,387 to £6,095, with the median value up 32 percent from £1,672 to £2,205.
The number of CCJs against smaller unincorporated businesses fell by a similar amount, by 34 percent, from 7,792 to 5,170, with the total value dropping from £24 million to £16 million, down 31 percent. The average value rose from £3,060 to £3,166, up 3.8 percent, while the median value rose by 6.9 percent from £1,235 to £1,320.
The number of High Court Judgments against businesses rose from 27 in Q4 2019 to 50 in Q4 2020 an increase of 85 percent. The total value rose from £7.5 million to £46 million, an increase of over 500 percent. The small number of registered High Court Judgments means these figures are subject to large fluctuations.
The number of business judgments marked as ‘satisfied’ in Q4 2020 was 2,845, a fall of 10 percent from the 3,161 in Q4 2019. As the number of judgments registered in Q4 2020 was lower than in Q4 2019, the proportion of judgments marked as satisfied has risen. But, it remains very low at 12.6% percent.
Mick McAteer, chairman of Registry Trust, said: “The fall in judgments against businesses this quarter is encouraging. Interventions by government have shielded businesses against the worst economic impacts of Covid19. But, the rate of decrease slowed sharply towards the end of 2020, so we may see judgments now starting to rise again”.
|Half Year 2019||Half Year 2020||Change (compared with 2019)|
|CCJs against all businesses|
|CCJs against incorporated businesses|
|CCJs against unincorporated businesses|
|High Court judgments against all businesses|
|Satisfactions registered by all businesses|