Businesses in England and Wales faced the first rise in adverse County Court Judgements (CCJs) in eight years during 2017, according to figures released today by Registry Trust.
In 2017, 105,633 CCJs were registered against businesses in England and Wales, up 30 percent on 2016 and the first year-on-year increase since 2009. The rate of increase persisted throughout the year.
The average value of an adverse business CCJ fell 16 percent to £2,983, but the total value of business CCJs rose 10 percent to £315,131,813, bucking an eight-year trend. The rise in the total of adverse business CCJs was caused by a 54 percent rise in judgments against companies. By contrast, CCJs against unincorporated (typically smaller) businesses fell five percent.
The average value of CCJs against companies fell 22 percent to £3,129; the average value for unincorporated businesses dropped seven percent to £2,650. In the High Court, 53 judgments were issued in 2017, 22 fewer than in the previous year. The average value of the high court judgments also fell.
Malcolm Hurlston CBE, chairman of Registry Trust said: “The difference between the CCJ experience of companies and smaller enterprises shows that claimants have been pursuing companies for smaller debts. It is unlikely to mean that the economic situation has worsened for companies, but they may still find credit harder to get.”
● CCJs against all businesses 2017 (compared with 2016)
o Total number: 105,633 (up 30 percent)
o Total value: £315.1m (up 10 percent)
o Average value: £2,983 (down 16 percent)
o Median: £1,010 (down 29 percent)
● CCJs against incorporated businesses 2017
o Total number: 73,539 (up 54 percent)
o Total value: £230.1m (up 20 percent)
o Average value: £3,129 (down 22 percent)
o Median value: £983 (41 percent)
● CCJs against unincorporated businesses 2017
o Total number: 32,094 (down five percent)
o Total value: £85.1m (down 11 percent)
o Average value: £2,650 (down seven percent)
o Median value: £1,049 (down eight percent)
● High Court judgments against businesses 2017
o Total number: 53 (down 22)
o Total value: £106.3m (down 54 percent)
o Average value: £2m (down 35 percent)
o Median: £66,186 (down 48 percent)