Legal Expertise Since 1995
Expert Legal Advice 0044 161 832 5000
Posted by Lynne on February 8th 2017
(Business, Commercial Litigation, commercial litigation and dispute resolution, Corporate and Commercial, Debt Recovery, dispute resolution, Insolvency, Litigation)
The number of County Court Judgments against businesses has fallen, according to the Registry Trust’s latest figures, increasing speculation that higher court fees are preventing businesses from accessing court procedures to recover debts.
The number of CCJs against businesses in England and Wales fell by 21% from 99,670 to 78,739 in 2016 – the lowest on record.
Registry Trust chair, Malcolm Hurlston CBE, said the continuing reduction suggested that businesses have been managing their debts better since the vote to leave the EU on 23 June. But speaking about Augusts’ figures, which demonstrated a 19% fall year on year, Hurlston said the higher court fee had also played a part.
‘We understand that the volume of business Judgments in particular has been affected by the rise in court fees’ he said. ‘We have not carried out our own research but that would seen to tie in with common sense, particularly in the immediate aftermath of a price change,’
The trust’s latest figures, published this month, also revealed more CCJs against consumers in England and Wales last year than any year on record.
Enforcing a County Court Judgment can be a complex process and there are a variety of enforcement procedures which can be pursued. We have the in-depth expertise and knowledge to advise you on the most appropriate, efficient and cost effective strategic enforcement method for your individual debt. For a confidential talk with one of our business debt recovery legal team, please call on 0161 832 5000, alternatively complete the on-line form.
The effect of the collapse of Carillion, the Goliath construction company which won the Government’s HS2 Project, and which also managed infrastructure schemes, military contracts, hospitals and schools leaves shockwaves in the construction industry which are yet to settle. The enormity of its demise is all too clear; Carillion employed approximately 20,000 and it is […]View More
Andrew Franks, Ellis Franks Ltd View More
Originally we placed our case to recoup losses from a Builder who claimed that they had run out of finance and were unable to complete the contract we had to self fund the completion of the work.
We approached a Solicitor’s practice and they advised that after many months are investigation they felt that the builder could not repay the amount. We approached Stripes and they offered a no win no fee approached and we accepted.
Immediately they began proceedings against the Builder and they Court accepted the Claim and the Builder agreed to pay off the debt. Since then we have had a full settlement which Stripes concluded on our behalf.