The number and of judgments registered against Irish businesses saw huge falls in the first quarter of 2021(Q1 2020) compared to the same quarter last year according to latest Registry Trust figures.

Judgments against Irish businesses also saw sharp falls from 252 to 89, down 65 percent. However, the total value registered against businesses rose by 31 percent, from €3.8 million to just over €5 million. This meant that the average value saw a huge rise, up 270 percent from €15,184 to €56,183.

Mick McAteer as Registrar commented: “The latest data on judgments showing large falls in the number of judgments this quarter suggests that income support and regulatory interventions have shielded Irish households and businesses from the worst effects of the financial shocks caused by Covid19. But, the picture may be very different once the support measures are wound down. Numbers are already up sharply from the lows seen in Q2 2020.”

Q1 2020 Q1 2021 Change (compared with 2020)
Judgments against incorporated businesses
volume 162 71 -56.17%
total value €2,687,021 €4,838,667 80.07%
average* value €16,587 €68,150 310.87%
median value €7,439 €5,870 -21.08%
Judgments against unincorporated businesses
volume 90 18 -80.00%
total value €1,139,296 €161,664 -85.81%
average* value €12,659 €8,981 -29.05%
median value €4,353 €7,999 83.76%
Satisfactions
volume 1 26 2,500%
total value €13,090 €2,789,232 21,208.11%
average* value €13,090 €107,278 719.54%
median value €13,090 €39,073 204.61%