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Judgments against NI businesses fell by 24 per cent in first quarter of 2021 The Registry Trust said intervention of government and forbearance by creditors has protected businesses. JUDGMENTS against Northern Ireland businesses fell by 24 per cent in the first quarter of 2021. The Registry Trust said 269 orders were made against firms here in the first six months, compared with 353 in the same period last year. The organisation said the decline reflected the financial protective measures put in the place during the pandemic. The total value of business judgments similarly fell 21 per cent, from £1.2 million to £976,602. Some 1,678 debt judgments were made against consumers over the same period, a drop of 12 per cent. ....
10,000 businesses in Northern Ireland now in early financial distress There has been a sustained fall off in trade as lockdown restrictions continue to bite. Picture: Mal McCann Gary McDonald Business Editor Lawrence O’Hara, who leads Begbies Traynor in Northern Ireland NEARLY 10,000 businesses in Northern Ireland are now showing signs of early financial distress, according to rescue and recovery specialist Begbies Traynor s latest Red Flag Alert barometer. That s up 40 per cent on a year ago, and generally reflects UK-wide data, where a total of 630,000 firms have seen their prospects deteriorate. Northern Ireland did experience a 41 per cent year-on-year quarterly fall in businesses experiencing ‘critical’ distress (which refers to businesses that have had winding up petitions or CCJs totalling more than £5,000 against them). ....