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Rise in CCJs against companies PDF Print E-mail
Monday, 12 March 2018
Businesses in England and Wales faced the first rise in adverse CCJs in eight years during 2017, according to figures released today by Registry Trust. 

Registry Trust is the Registrar of Judgments, Orders and Fines in England and Wales (on behalf of the Ministry of Justice). In addition, it collects, verifies and publishes judgment information from jurisdictions across the British Isles and Ireland. A judgment is incontrovertible proof that debt has not been managed successfully by a business.

Registry Trust provides its licensed credit reference agencies with regular updates on outstanding judgment debts. This information affects the ability of all enterprises to borrow.

In 2017, 105,633 CCJs were registered against businesses in England and Wales, up 30 percent on 2016 and the first year-on-year increase since 2009. The rate of increase persisted throughout the year.

The average value of an adverse business CCJ fell 16 percent to £2,983, but the total value of business CCJs rose 10 percent to £315,131,813, bucking an eight year trend.

The rise in the total of adverse business CCJs was caused by a 54 percent rise in judgments against companies. By contrast, CCJs against unincorporated (typically smaller) businesses fell five percent.

The average value of CCJs against companies fell 22 percent to £3,129; the average value for unincorporated businesses dropped seven percent to £2,650.

In the High Court 53 judgments were issued in 2017, 22 fewer than in the previous year. The average value of the high court judgments also fell.

As well as distributing judgment information under strict licensing to leading credit reference agencies, Registry Trust makes information publicly available through TrustOnline. There were 206,834 public requests to search the register for England and Wales online last year. TrustOnline allows anyone to search for judgments and similar information registered against businesses and consumers in jurisdictions across the British Isles and Ireland.

On behalf of TrustOnline, Malcolm Hurlston CBE, chairman of Registry Trust said: “The difference between the CCJ experience of companies and smaller enterprises shows that claimants have been pursuing companies for smaller debts. It is unlikely to mean that the economic situation has worsened for companies, but they may still find credit harder to get."

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