Credit, Collections & Insolvency News
Judgments against Irish businesses fell from 234 to 62, a drop of nearly three quarters (74%), figures released by registrar Irish Judgments show.
The total value registered against businesses fell by 62 percent, from €3.4 million to just €1.3 million. The average value of business judgments rose by 41 percent from €14,525 to €20,536.
Mick McAteer as Registrar said “The latest data on judgments showing huge falls in the number and value 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 Covid-19. But, the picture may be very different once the support measures are unwound.”
| Half Year 2019 | Half Year 2020 | Change (compared with 2019) | |
| Judgments against all businesses | |||
| volume | 234 | 62 | -73.50% |
| total value | €3,398,949 | €1,273,233 | -62.54% |
| average* value | €14,525 | €20,536 | 41.38% |
| median value | €5,602 | €3,534 | -36.92% |
| Judgments against incorporated businesses | |||
| volume | 161 | 38 | -76.40% |
| total value | €2,533,82 | €983,680 | -61.18% |
| average* value | €15,738 | €25,886 | 64.48% |
| median value | €7,295 | €3,534 | -51.56% |
| Judgments against unincorporated businesses | |||
| volume | 73 | 24 | -67.12% |
| total value | €865,127 | €289,553 | -66.53% |
| average* value | €11,851 | €12,065 | 1.80% |
| median value | €1,658 | €3,515 | 112.00% |
| Satisfactions | |||
| volume | 13 | 17 | 30.77% |
| total value | €9,926,193 | €921,677 | -90.71% |
| average* value | €763,553 | €54,216 | -92.90% |
| median value | €116,298 | €17,512 | -89.47% |