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Definition
A county court judgment is granted when a creditor pursues an unpaid debt through the courts. It is recorded against the company, signals past non-payment, and weighs on its creditworthiness.
In plain terms
It is an official black mark for an unpaid debt. Lenders see it and factor it into any decision, though context and whether it is satisfied both matter.
Why it matters for your company
Pay within a month to have it removed, or satisfy it later to have it marked satisfied. A CCJ makes borrowing harder but not always impossible. See CCJs and business borrowing.
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