Northern Irish debt judgments increase 35%

2nd August 2022

New figures from the Registry Trust have revealed that the number of judgments registered in Northern Ireland saw the number of judgments and the value of debt increase in Q2 2022 when compared to the same period last year.

The number of judgments rose from 823 in Q2 2021 to 1,113 in Q2 2022, an increase of 35%. The value of debt has also increased year-on-year, from £1.91 million in Q2 2021 to £3.79 million in Q2 2022, an increase of 98%.

The number of satisfied judgments has seen an increase of 153% year-on-year, from 39 to 99.

The total number of business judgments in Northern Ireland has increased by 54%, from 117 in Q2 2021 to 180 in Q2 2022.

The value of business debt has also seen a rise in this quarter, from £284,721 in Q2 2021 to £748,179 in Q2 2022, an increase of 163%.

The average value of business debt has increased by 71% year-on-year.

The total number of judgments against incorporated businesses increased from 93 to 146 year-on-year, an increase of 57%. The value of debt against those businesses also rose by 162%, from £254,021 in Q2 2021 to £665,114 in Q2 2022. The average value of debt rose by 67% year-on year, from £2731.41 in Q2 2021 to £4555.58 in Q2 2022.

The total number of judgments against non-corporate businesses has seen an increase of 42% in this quarter as compared to the same period last year, from 24 to 34. The value of debt against these businesses has increased from £30,700 to £83,065 year-on-year, an increase of 170%. The average value of debt against the non-corporate businesses have seen an 91% increase in Q2 2022 as compared to the same period last year.

The total number of judgments registered against consumers in Northern Ireland has increased by 32% from 706 in Q2 2021 to 933 in Q2 2022. The value of consumer debt has seen an increase of 85% year-on-year, from £1.63 million in Q2 2021 to £3.03 million in Q2 2022. The average value of consumer debt rose by 41% year-on-year, from £2,302.60 to £3,256.96.