Business Barometer

Almost two thirds of Bad Debt Judgments were awarded against consumers.

Our review of the first quarter of 2016 has revealed that 788 judgments were awarded against companies and consumers during that time - this figure is down 26% on the same period last year (1,064).

506 of these judgments were against consumers. This figure is down 37% on Q1-2015. The total value of these judgments is E66.6m - an average of E132k per judgment which is E30k higher than the average in the first three months of 2015.

From a monetary point of view, banks were the main beneficiaries of bad debt judgment awards against consumers. In total they received E48.4m in 75 separate awards (an average of E646k).

Just over a third of judgments (282) were awarded against companies - an increase of 15%. The banks again received the highest value of these judgments having been awarded E5.6m of the E9.1m total. The average value of a bad debt judgment against a company in Q1-2016 was E32k.

Insolvency Notices

1,513

The number of companies that have collapsed this year. This figure is down 5% 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

  • 27 Companies

E8 (Notice Of Appointment Of Receiver)

  • 5 Companies

EXAMINERS

  • 0 Company

Closures

33

The number of companies that have closed this week.

New Startups

New Companies

  • 457 Companies

New Businesses

  • 670 Businesses

Important Changes

Changed Status

  • 1356 Companies

HIGH COURT NOTICES

  • 3 Companies

Strike off & Struck off Companies

Strike Off

  • 268 Companies

Struck Off

  • 257 Companies

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