The number of county court judgments (CCJs) registered against businesses in England and Wales rose during the third quarter of 2017, compared with the same period a year ago, according to latest figures released by Registry Trust.
During Q3 2017, there were 24,698 CCJs against businesses in England and Wales, 27 percent more than the equivalent quarter a year prior. This broke the trend of the past eight years during which figures had decreased year on year. The total value of business CCJs rose by 13 percent to £80,506,210; the first time since Q3 2011 that a relative increase occurred.
The average value of business judgments decreased 12 percent to £3,260. This follows the general pattern for the last six years, where, except for Q3 2016, average values have fallen.
The extent of the increase in business judgments was largely down to a 40 percent rise, to 16,479, in the total number of CCJs registered against companies. There was a smaller increase of eight percent, to 8,219, in CCJs against the generally smaller unincorporated businesses over the same period.
The number of business high court judgments (HCJs) fell to 14, the lowest on record for a third quarter.The value of business judgments in the High Court fell 96 percent to £1,041,640, while the average value of these judgments was £74,403, 93 percent less than a year prior.
CCJs against all businesses Q3 2017 (compared with Q3 2016)
- Total number: 24,698 (up 27 percent)
- Total value: £80.5m (up 13 percent)
- Average value: £3,260 (down 12 percent)
CCJs against incorporated businesses Q3 2017
- Total number: 16,479 (up 40 percent)
- Total value: £56.7m (up 17 percent)
- Average value: £3,441 (down 17 percent)
CCJs against unincorporated businesses Q3 2017
- Total number: 8,219 (up eight percent)
- Total value: £23.8m (up four percent)
- Average value: £2,897 (down three percent)
High Court judgments against businesses Q3 2017
- Total number: 14 (down 12)
- Total value: £1,041,640 (down £25.2m)
- Average value: £74,403 (down £936,464)