Analysis of judgment information from Northern Ireland in 2018 shows lenders accounted for 37 percent of judgments, ahead of the government sector on 27 percent and housing bodies on six percent.
Uncategorised claimants (which include insurance brokers, debt collectors and personal claimants) made up a further 27 per cent.
A total of 7,580 judgments were issued in Northern Ireland during 2018, according to Registry Trust which carried out the analysis.
Among lenders, which include banks and credit unions as well as other lenders), the most active claimants were Arrow Global (339) and Amigo Loans (275). The total number of lender claims was 1,589.
Government accounted for 1,129 judgments, led by Debt Management, part of the Department for Communities, whose 618 judgments gave it first place among all the top 50 claimants. The Registrar of Companies was second in the government sector with 412.
Housing organisations accounted for 273 judgments, with the Northern Ireland Housing Executive responsible for 196 judgments of them.
Utilities made up one percent (118), led by Power NI and NI Water.
Leading the other claimants were Abbey Insurance Brokers with 608 and debt collection agency, Asset Collection Investigations on 478.
Analysis by value offers a different if less significant perspective.
The total value of judgments in 2018 was £11.2m with banks and other lenders responsible for 75 percent. Top claimant Amigo Loans accounted for £1.9m worth and Bank of Ireland was the second largest claimant at £1.2m. PRA group, a firm which acquires and collects non-performing loans, was the third largest with judgments worth £737,764.
The government sector was responsible for £1.3m worth of judgments. Debt Management’s total judgments was £599,269. The Registrar of Companies and the Southern Health and Social Care Trust were second and third biggest claimants with £346,798 and £152,626 respectively.
Among other claimants Abbey Insurance Brokers accounted for £420,740 worth of judgments and Asset Collection Investigations £370,414.
Housing organisations were responsible for three percent (£274,675) of the total value with Northern Ireland Housing Executive at £167,714. Utilities made up one percent with judgments total valued at £123,711.
The top 50 claimants are the 50 entities responsible for the largest value and volume of judgments during 2018. The top 50 accounted for 59 percent of the total value and 56 percent of the volume of judgments; personal claimants have been excluded.
Malcolm Hurlston CBE, chairman of Registry Trust said: “It will come as a surprise to many that lenders account for a minority of judgments, even in Northern Ireland where credit unions are strong and active, compared with the rest of the UK.
“This is fresh information, vital for the public good, giving better insight into the significance of judgments.
“We are deepening our study and encouraging England and Wales to follow the example set here.”
Registry Trust received 30,541 requests to search the register for Northern Ireland online at www.trustonline.org.uk during 2018. TrustOnline allows anyone to search for judgments and similar information registered against consumers and businesses in any jurisdiction across the British Isles and Ireland.
Registry Trust is the non-profit organisation which collects judgment information throughout the British Isles and Ireland. In Northern Ireland it collects information on defaults and small claims judgments, and High Court judgments. Judgments affect the credit rating of both businesses and consumers.
Top 50 claimants categories by volume of judgments 2018
- Lenders – 1,589 (37.4 percent of the volume of judgments) [2017: 1,372]
- Other – 1,145 (26.9 percent) [2017: 845]
- Government – 1,129 (26.5 percent) [2017: 1,120]
- Housing – 273 (6.4 percent) [2017: 469]
- Utility – 118 (2.8 percent) [2017: 177]
Top 50 claimants categories by value of judgments 2018
- Lenders – £8.4m (75.2 percent of the total value of judgments) [2017: £7.6m]
- Government – £1.3m (11.3 percent) [2017: £1.1m]
- Other – £1.1m (9.9 percent) [2017: £644,575]
- Housing – £274,675 (2.5 percent) [2017: £421,915]
- Utility – £123,711 (1.1 percent) [2017: £208,586]
Top individual claimants by category (volume) 2018
- Debt Management: 618 judgments
- The Registrar of Companies:412
- CTB NI: 50
- Santander Consumer UK: 81
- Bank of Ireland: 40
- Santander Consumer Finance: 23
- Credit Unions
- Newington Credit Union: 116
- Lurgan Credit Union: 97
- Cloughfern Community Credit Union: 20
- Other lenders
- Arrow Global: 339
- Amigo Loans: 277
- Skyline Direct: 162
- PRA Group: 120
- Northern Ireland Housing Executive: 196
- Choice Housing Ireland: 53
- Apex Housing Association: 40
- Power Northern Ireland: 68
- Northern Ireland Water: 49
- Firmus Energy Ltd: 22
- Abbey Insurance Brokers: 608
- Asset Collection and Investigations: 478
- Flagship Media Group: 71
Top individual claimants by category (value) 2018
- Bank of Ireland: £1.2m worth of judgments
- Ulster Bank: £582,594
- Santander Consumer UK: £570,393
- Credit Unions
- Lurgan Credit Union: £318,274
- Newington Credit Union: £260,697
- Downpatrick Credit Union: £193,791
- Other lenders
- Amigo Loans: £1.9m
- PRA Group: £737,764
- Arrow Global: £638,530
- Debt Management: £599,269
- Registrar of Companies: £346,798
- The Southern Health and Social Care Trust: £212,184
- Northern Ireland Housing Executive: £167,714
- NICHA: £60,413
- Apex Housing Association: £46,548
- Power Northern Ireland: £69,959
- Northern Ireland Water: £46,196
- Abbey Insurance Brokers: £420,740
- Asset Collection & Investigations: £370,414
- BRS Limited: £121,390
Biggest increase in judgments by volume (2018 compared with 2017)
- Asset Collection & Investigations LTD 478 (up 370)
- Arrow Global Limited 339 (up 339)
- The Registrar of Companies 412 (up 240)
- Amigo Loans 275 (up 100)
Biggest increase in judgments by value (2018 compared with 2017)
- Amigo Loans £1.9m (up 1.1m)
- Bank of Ireland £1.2m (up 1.1m)
- Arrow Global Limited £638,530 (up 638,530)
- Santander Consumer (UK) PLC £570,393 (up 200,351)
- Abbey Insurance Brokers £420,740 (up 142,368)