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CCJs

Overcome financial challenges with confidence

We know CCJs create serious pressure — not just legally, but in your ability to trade, access credit and keeping the business moving.

What a judgment does

The impact of a CCJ on a business

A County Court Judgment can have significant repercussions, and it is worth understanding the various ways it bites before deciding what to do about it.

Legal implications

A CCJ is a legal acknowledgement of debt, and it can lead to further action if it is not addressed promptly. The court has already decided the money is owed; what remains is how it gets paid. We can take the CCJ along with all your unsecured company debt and place it into an interest free payment plan. 

Access to credit

Lenders read a CCJ as a sign of financial instability. The short-term effect is a drop in the credit score; the long-term one is six years on the public record, unless it is paid within a month.

Trading and reputation

Suppliers and partners check, and may reconsider their terms. Open communication with them is what keeps essential operations going while the judgment is dealt with.

A judgment is an admission

A CCJ is a legal acknowledgement of debt

Paid inside a month it comes off the register. Left alone it sits there for six years, and everyone who checks your company can see it.

Managing a judgment

What you can do about it

Rebuild the credit

Consistent, on-time payments that demonstrate financial responsibility, and checking the credit report regularly for accuracy and for improvement as it recovers.

Bridge the cash

Where liquidity is the problem rather than solvency, alternative financing — peer-to-peer lending, or bringing in an investor — can carry the business while the judgment is settled.

Take advice early

A judgment rarely arrives on its own. We have a sole duty of care to directors: we address existing CCJs, negotiate with your creditors and handle the strategy for the ones still to come.

An adviser talking a director through the options

What we do about it

Deal with it before it deals with you

We look at what is behind the judgment — who else is owed money and what the company can actually pay, and whether a Company Voluntary Arrangement would settle the lot rather than one creditor at a time.

  • Creditor negotiation — talking to the people owed money, before the position hardens
  • Legal representation — our barristers are in the Insolvency Courts weekly
  • Financial restructuring — a CVA or an organised liquidation, whichever the company can carry

Where a petition has already been issued off the back of it, the clock matters more than the judgment does. Ring us first.

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From our insight

Talk to us today

If a petition has been issued against your company, the sooner we know the more there is to work with. Monday to Friday, 9am – 4pm.