The number of debt judgments registered against Northern Ireland businesses in the first Quarter of 2021 fell by 42% according to the latest Registry Trust figures.

The number of judgments registered in Q1 2021 was just 152, compared to 261 in Q2 last year, a fall of 42 percent. The total value of judgments against Northern Ireland businesses fell from £982,467 to £691,881 a fall of 30 percent.

The average value of business judgments rose steeply, from £3,764 to £4,552, up 21 percent. The story is one of fewer, but larger, business judgments in the quarter.

Registry Trust Chair, Mick McAteer, said “The latest Registry Trust data shows that Government and regulatory interventions, and forbearance by creditors, in response to the Covd-19 economic crisis clearly helped households. But, as we expected, the damage to household finances caused by Covid is now showing up in the numbers as those protection measures are wound down”.

Q1 2020 Q1 2021 Change (compared with 2020)
Judgments against all businesses
volume 261 152 -41.76%
total value £982,467 £691,881 -29.57%
average* value £3,764 £4,552 20.94%
median value £1,051 £1,144 8.85%
Judgments against incorporated businesses
volume 223 128 -42.60%
total value £904,128 £558,311 -38.25%
average* value £4,054 £4,362 7.60%
median value £1,005 £972 -3.28%
Judgments against unincorporated businesses
volume 38 24 -36.84%
total value £78,339 £133,570 70.50%
average* value £2,062 £5,565 169.88%
median value £1,250 £2,491 99.28%
Satisfactions
volume 74 86 16.22%
total value £279,908 £167,600 -40.12%
average* value £3,783 £1,949 -48.48%
median value £878 £744 -15.26%