Business Barometer

39% rise in value of debts against consumers registered in '18.

2018 was a challenging year for consumers with the value of bad debts registered against them increasing significantly on the previous year. This is a trend that will need to be monitored as it will likely have an impact on credit control and cash collection for the year ahead.

While the number of judgments registered against both companies and consumers last year was down by 6% on 2017's total (2,525 v 2,695) the value of bad debts against consumers increased substantially.

€258.8m (up 39% on 2017's total - €185.8m) in bad debts were registered against consumers in 1,949 separate judgments - an average of almost €132,792 per judgment.

A further €15.2m bad debts were registered against companies in 2018 (down 19% on the previous year - €18.8m) in 576 separate judgments (€26,447 per judgment).

These figures give an indication of the impact that a poor paying corporate or consumer client can have on the cash flow of a company, and highlight the need for continued risk assessment and client monitoring.

Vision-net lets you carry out risk assessment in a low cost and highly effective way, to minimise your exposure along the full credit life cycle, using the very latest data, to ensure you make the most informed credit and risk decisions.

Why not check a client on Vision-net.ie today. All of our accounts allow you to search judgments and analyse bad debt histories on consumers and corporate clients, as well as proactively alerting you if a new judgment is registered against someone you have an interest in - free of charge.

Vision-net also gives you access to the most comprehensive background checking tool on the market on consumers with our CCI report. This simple search compiles information, taken from 11 key data streams, into one user-friendly credit profile of directors or individuals.

To access reports on any business or individual you deal with, simply login to Vision-net.ie today or call us on Tel: +353 1 664 1111.

Insolvency Notices

1,335

The number of companies that have collapsed this year. This figure is up 15% compared to last year
Click here to view the list


PREDICTIVE CREDIT REPORTS

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

Appointments

LIQUIDATORS

  • 51 Companies

E8 (Notice Of Appointment Of Receiver)

  • 1 Company

EXAMINERS

  • 3 Companies

Meetings of Creditors

4th of January, 2019

3rd of January, 2019

2nd of January, 2019

1st of January, 2019

22nd of December, 2018

Read More

Closures

287

The number of companies that have closed this week.

New Startups

New Companies

  • 442 Companies

New Businesses

  • 365 Businesses

Important Changes

Changed Status

  • 722 Companies

HIGH COURT NOTICES

  • 3 Companies

Strike off & Struck off Companies

Strike Off

  • 261 Companies

Struck Off

  • 77 Companies

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