Judgments against Irish businesses rise significantly

20th October 2021

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%