Increase in company county court judgments (“CCJ’s”)
8 March 2019: It has been reported that there were 93,534 CCJ’s against companies in England and Wales in 2018, a 27% increase from 2017. The recording of a CCJ is, quite often, an early indication that all is not well on behalf of the recipient from a financial aspect. A CCJ will also have an adverse impact on a company’s credit rating and, at times, can lead to trading problems when looking to secure credit facilities for ongoing trade.
If you are a director of a company that is under mounting creditor pressure or receiving CCJ’s then please call any of BRI Business Recovery and Insolvency’s management team – the earlier advice is obtained the greater the options available.