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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.
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