A County Court Judgment (CCJ) is a court order that a creditor (someone that has extended services or products to you at a cost) has taken out against you for an unpaid debt. It is the action of the Courts instructed by the creditor to get the money back to the person/company you owe. If you receive a letter regarding a CCJ, you need to respond within 14 days to get the benefit of flexibility. If you fail to respond within this timeframe, the court may order you to pay back the money you owe at a rate you cannot afford and it could lead to further legal action.
If you and your creditor can reach an agreement via responding to the court’s forms, you could avoid legal action; so it’s important to keep on top of your mail and correspondence.
Having a CCJ on your credit file will likely hinder your business as it will make it harder to take out further credit. It could also discourage other businesses from working with you if they see it on your company credit report. It could also affect your company's credit score.