The latest statistics on debt judgments in England and Wales from Registry Trust show in the last quarter 23,774 searches were made on judgment information, 25.7% more than during the third quarter of 2010.
The statistics for the third quarter of 2011 show that the total value of CCJs against businesses rose by £27m on Q2, up from £136m in Q2 to £163m in Q3 – a 19.9% increase.
Comparing the figures for Q3 this year with the same period of 2010, the value of CCJs against businesses shows a 6.4% increase of £9.8m from £153.2m to £163m.
Meanwhile judgment numbers have risen 7.5% over the last quarter and remain comparable to last year’s Q3 total having fallen by less than a percent. Businesses in England and Wales faced 36,876 CCJs in Q3 2011, compared with 34,302 in the previous quarter and 37,168 during Q3 2010.
Registry Trust is the non-profit organisation which operates the Register of judgments, Orders and Fines for England and Wales in the public interest on behalf of the Ministry of Justice.
Chairman Malcolm Hurlston says with credit becoming ever tighter, businesses should arm themselves with as much data on the creditworthiness of their supply lines as possible.
He says: “As a non-profit we were happy to be able to pass our efficiency savings on to our customers since we have no shareholders; we have made vital judgment information even more affordable.”
Source: www.trustonline.org.uk.