Big rise in CCJs in Scotland
52% rise in CCJs
Business CCJs in Scotland saw a fifty two per cent (52%) increase in decrees and judgments against them in the first quarter of 2022, in comparison with the same period last year in 2021.
The total value of these judgments also increased from £2.1m to more than £8m, a rise of 269%.
Registry Trust, the not-for-profit organisation which maintains the Register of Judgments, Orders and Fines for the UK & Ireland, has released its latest monetary judgment statistics.
There were 230,239 new monetary judgments processed overall in UK & Ireland – a 10% decrease year-on-year.
However, while the number of consumer judgments fell, there was a significant rise in county court judgments (CCJs) and Scottish decrees against businesses.
Registry Trust chair Mick McAteer said: “Although there was a welcome fall in the number of decrees registered against Scottish consumers in the first quarter of this year compared to the first quarter of last year, there is no room for complacency, as the full impact of the cost of living crisis is yet to be felt by households.
“The significant increase in the number and value of decrees against Scottish businesses is a cause for concern and reflects the serious challenges they face in the current economic climate.”
