Judgments against Irish businesses rise

The number and total value of judgments registered against Irish businesses have risen in the first half of 2020 compared to the same period last year, figures released today by registrar Irish Judgments show.

Judgments against Irish businesses actually rose from 250 to 315, a rise of 26 percent over the period. But, the total value registered against businesses fell by over 12 percent, from €4.9 million to €4.3 million, meaning the average value fell by over 30 percent from €19,484 to €13,545. The median value dropped to €5,842, a 28 percent fall from the €8,155 seen in the first half of 2019.

Mick McAteer as Registrar said “The latest data on judgments suggests that income support and regulatory interventions have shielded Irish households from the worst effects of the financial shocks caused by Covid19. But, the picture may be very different once the support measures are unwound.”

Statistics

	Half Year 2019	Half Year 2020	Change (compared with 2019)
Judgments against businesses
volume	250	315	26.00%
total value	€4,870,922	€4,266,779	-12.40%
Average* value	€19,484	€13,545	-30.48%
median	€8,155	€5,842	-28.36%
*Average value refers to the ‘mean’. The mean average tends to be higher than the median, as it more likely to be distorted by outlying, high value cases.