Credit, Collections & Insolvency News
The number and total value of judgments registered against Irish businesses rose significantly in the last quarter according to new analysis by The registrar Irish Judgments.
The number of judgments registered was up by three quarters, from 78 in Q3 2020 to 137 in Q3 2021. The total value owed in Q3 2021 was €3.7 million, four times the €907,346 in Q3 2020. The average value of business judgments was up by 130 percent, from €11,633 to €26,740. The median value also rose from €5,987 to €7,532, an increase of just over one quarter.
Mick McAteer, as Registrar said “Government and regulatory interventions, and creditor forbearance were clearly protecting Irish consumers and businesses from the full financial effects of Covid last year. Care should be taken in interpreting the very large percentage rises in judgments reported now, as numbers are volatile. But, overall, the trend in judgment numbers would now seem to be upwards, creating concerns that the Covid financial crisis is far from over for vulnerable consumers and businesses.”
| Q3 2020 | Q3 2021 | Change (compared with 2020) | |
| Judgments against all businesses | |||
| volume | 78 | 137 | 75.6% |
| total value | €907,346 | €3,663,321 | 303.7% |
| average* value | €11,633 | €26,740 | 129.8% |
| median value | €5,987 | €7,532 | 25.8% |
| Judgments against incorporated businesses | |||
| volume | 61 | 110 | 80.3% |
| total value | €735,521 | €1,673,241 | 127.5% |
| average* value | €12,085 | €15,211 | 26.2% |
| median value | €5,980 | €7,798 | 30.4% |
| Judgments against unincorporated businesses | |||
| volume | 17 | 27 | 58.8% |
| total value | €171,825 | €1,990,080 | 1058.2% |
| average* value | €10,107 | €73,707 | 629.2% |
| median value | €8,733 | €6,716 | -23.1% |
| Satisfactions | |||
| volume | 24 | 43 | 79.2% |
| total value | €12,979,297 | €16,599,209 | 27.8% |
| average* value | €540,804 | €386,028 | -28.6% |
| median value | €35,178 | €6,044 | -82.8% |
