The number of debt judgments registered against Northern Ireland businesses fell by just over half (51%), from 232 to 113, according to figures released by Registry Trust.
However, the total value of judgments against businesses rose by nearly 20 percent from £483,903 to £578,927. The average value of business judgments rose steeply, from £2,086 to £5,123, up 146 percent. The story is one of many fewer, but larger judgments.
But, following huge falls in the first half of the year, numbers are rising again. The total number of judgments rose by 16 percent in Q4 2020 compared to Q3 2020.
Registry Trust chairman Mick McAteer said: “The latest data shows that Government and regulatory interventions, and forbearance by creditors, in response to the Covd-19 economic crisis have protected Northern Irish consumers. But, the signs are that the respite may be short lived as the numbers of debt judgments have started to rise.”
|
Half Year 2019 |
Half Year 2020 |
Change (compared with 2019) |
| Judgments against all businesses |
|
|
|
| volume |
232 |
113 |
-51.29% |
| total value |
£483,903 |
£578,927 |
19.64% |
| average* value |
£2,086 |
£5,123 |
145.63% |
| median value |
£1,012 |
£1,799 |
77.77% |
| Judgments against incorporated businesses |
|
|
|
| volume |
193 |
84 |
-56.48% |
| total value |
£416,890 |
£464,302 |
11.37% |
| average* value |
£2,160 |
£5,527 |
155.89% |
| median value |
£1,008 |
£1,630 |
61.71% |
| Judgments against unincorporated businesses |
|
|
|
| volume |
39 |
29 |
-25.64% |
| total value |
£67,013 |
£114,625 |
71.05% |
| average* value |
£1,718 |
£3,953 |
130.03% |
| median value |
£1,198 |
£2,038 |
70.12% |
| Satisfactions |
|
|
|
| volume |
56 |
53 |
-5.36% |
| total value |
£160,154 |
£158,156 |
-1.25% |
| average* value |
£2,860 |
£2,984 |
4.34% |
| median value |
£1,220 |
£999 |
-18.08% |
