Business Barometer

These drops point to consumers and businesses slowly navigating their way out of heavy burden of debt.

The number of bad debt judgments against Irish consumers and businesses has dropped by almost 40% this year compared to 2010.

5,465 judgments were awarded against individuals and companies during the first 9 months of 2010 - these had a value of just over E704m. During the same period this year those figures fell to 3,338 judgment awards (down 39%) worth E263m (down 63%).

The largest number of judgments in both years were awarded to the Revenue Commissioner however, this year's figure was down 12% on 2010's (1,376 v 1,562).

This drop in judgment awards could be down to a number of factors. One possible explanation could be that trading in the recession years has caused Irish companies to be more prudent with their resources and to make sounder decisions based on economic advice. This would include leasing instead of buying, seeking payment guarantees and performing thorough risk and credit checks on companies.

Insolvency Notices

1,112

The number of companies that have collapsed this year. This figure is down 7% compared to last year
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PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Appointments

LIQUIDATORS

  • 33 Companies

E8 (Notice Of Appointment Of Receiver)

  • 16 Companies

EXAMINERS

  • 4 Companies

Meetings of Creditors

15th of November, 2014

14th of November, 2014

13th of November, 2014

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Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 286 Companies

New Businesses

  • 379 Businesses

Important Changes

Changed Status

  • 1153 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 186 Companies

Struck Off

  • 100 Companies

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