Over EUR10.1m in bad debt judgments have been awarded against companies and consumers in the first month of 2020. This figure is up by 88% on the same period in 2019 (EUR5.4m).
The number of these judgements currently stands at 230, 182 against consumers and 48 against commercial entities.
Although the value of Judgments against consumers is up 78% on January 2019 the number of cases has pretty much stayed the same (186 v 182) these 182 cases have a combined value of €9,380,579 - an average of €51,541 per judgment.
A further €724,991 in bad debts were registered against companies in 48 separate judgments (€15,103 per judgment). This increase in overall numbers of judgments helps illustrate that there is still an ongoing need for continued risk assessment and client monitoring, even in a positive economic environment.
CRIF 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 CRIF 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.
CRIF 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.
The number of companies that have collapsed this year. This figure is down 10% 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.
- 27 Companies
E8 (Notice Of Appointment Of Receiver)
- 5 Companies
- 0 Company
The number of companies that have closed this week.
- 538 Companies
- 591 Businesses
- 635 Companies
HIGH COURT NOTICES
- 1 Company
- 362 Companies
- 0 Company