415 judgments were awarded against companies and consumers in February for failure to previously repay debts owed - these judgments were valued at E40.2m approx.
This figure is in line with the number of judgments awarded during the same month last year (423). The value of these judgments however, has increased by 12% on last February's figure of E35.9m.
Consumers were hardest hit this February, accounting for 315 (76%) of the judgments awarded - these judgments had a combined value of E32.4m (an average value of almost E103,000 per judgment).
The offices of the revenue commissioner were awarded 137 of the 315 judgments against consumers, these amounted to E5.9m approx. The banks were awarded just 28 judgments against consumers, however, these had a combined value of almost E24m.
Bad debt judgments against companies this February amounted to E7.8m - this is up 33% compared to the same period 12 months ago - E5.9m. The banks were awarded E6.4m of this total while the offices of the revenue commissioner were awarded a further E0.6m.
The number of companies that have collapsed this year. This figure is up 27% 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.
- 15 Companies
E8 (Notice Of Appointment Of Receiver)
- 9 Companies
- 2 Companies
The number of companies that have closed this week.
- 312 Companies
- 262 Businesses
- 353 Companies
HIGH COURT NOTICES
- 0 Company
- 223 Companies
- 0 Company