In Focus Collections
Conversely, the number of High Court Judgments against businesses in England & Wales fell by 13% in Q1 2022 compared to Q1 2021 with total value decreasing sharply by 81% from £98m
compared to Q1 2021, with the total value of judgments against businesses falling by 2%. Jersey recorded a 68% increase in judgments against businesses in Q1 2022 compared to Q1 2021, whilst judgments against businesses in Isle of Man saw an increase from three in Q1 2021 to 12 in Q1 2022.
Hight Court Conversely, the number of High Court Judgments against businesses in England & Wales fell by 13% in Q1 2022 compared to Q1 2021 with total value decreasing sharply by 81% from £98m. The small number of High Court
Judgments means these fi gures are subject to large fl uctuations.
Increase The increase in debt judgments against large and small businesses across the UK & Ireland is compelling. This refl ects the very serious challenges that
businesses are facing in the current economic climate.
As our analysis in September 2021 showed,
outstanding commercial CCJs act as a ‘warning sign’ for insolvency, suggesting that timely intervention is required. The trend we are seeing is likely to continue without further fi nancial support being made available. CCR
Scotland saw nearly a 52% increase in decrees (CCJ equivalent) against businesses in Q1 2022 compared to Q1 2021. The total value of these judgments increased signifi cantly by 269% from just under £2.1m to £8m
May 2022
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