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DEBT JUDGMENTS REGISTERED AGAINST JERSEY CONSUMERS ROSE IN Q3 2021 COMPARED TO SAME PERIOD LAST YEAR, BUT CONTINUED TO DECLINE THROUGHOUT 2021

The total number of judgments issued against consumers in the Jersey Petty and Royal Courts in Q3 2021 was 178, an increase of 32 percent on the 135 seen in the same period last year, according to data published today [14.10.2021] by Registry Trust. But, while this quarter’s numbers are up on the same period last year, they have declined in each quarter of 2021.

The total value of judgments issued against Jersey consumers more than halved, falling by 53 percent from £513,151 in Q3 2020 to £242,928 in Q3 2021. As a result, the average value of judgments was 64 percent lower, £1,365 in Q3 2021 compared to £3,801 in Q3 2020. The median value also fell, by 28 percent, from £320 to £230.

Just 13 judgments, valued at £93,401, were issued against Jersey businesses in Q3 2021 compared to nine valued at £57,912 in Q3 2020. The average value in Q3 2021 was £7,185, compared to £6,435 in the same period last year. The median value this quarter was £4,400 compared to £1,459 in the same period last year.

Registry Trust Chair, Mick McAteer, said: Judgment numbers against Jersey consumers are higher this quarter compared to the same period last year. But, it is worth noting that numbers have now fallen each quarter this year suggesting that Jersey consumers are still being shielded from the economic and financial shocks created by the Covid.”

-Ends-

Q3 2020 Q3 2021 Change (compared with 2020)
Consumer judgments
volume 135 178 31.8%
total value £513,151 £242,928 -52.6%
average* value £3,801 £1,365 -64.1%
median £320 £230 -28.1%
Business judgments
volume 9 13 44.4%
total value £57,912 £93,401 61.3%
average* value £6,435 £7,185 11.6%
median £1,459 £4,400 201.5%
Satisfactions
volume 26 14 -46.2%
total value £26,495 £65,244 146.3%
average* value £1,019 £4,660 357.3%
median £468 £2,848 508.44%

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.