Business Barometer

Risk Management with Link2Bank.

Companies around Ireland are completing risk management assessments now more than ever, due to the predicted volatility of the economy in the months ahead.

The risk of doing business with Sole Traders and SME's in Ireland is at an all-time high, resulting in companies having to write off bad debts, from not having an easy way to pay them.

The consequences of these write offs is leading to a significant decrease in revenue for thousands of companies across Ireland. According to PwC, the direct economic damage of business failures in Ireland is expected to be in excess of E2billion in 2022.

Our latest feature Link2Bank is a next level customer evaluation tool that will aid companies to tackle this issue by allowing them to request an instant report on a customer's bank account data.

Link2Bank can be used for a wide range of business checks, such as;

  • Affordability checks
  • Credit/ Risk assessments
  • Anti-fraud checks
  • Verification checks

This new feature will diminish the risk of having to write off bad debts from customers who have do not have the affordability to pay off their debts.

Link2Bank is fully GDPR compliant, meaning that your customer will have to provide consent to allow you to view their bank account data in order to prove their credit worthiness.

Link2Bank analyses over 2,000 variables from a customer's bank account. This data is then interpreted and returned in a powerful, user friendly report containing 200 KPI'S, to cover all of your customer screening needs, from anti-fraud to KYC assessment.

We predict that companies who use Link2Bank before entering into contractual agreements with sole traders and SME's, will see an increase in revenue as they will be able to easily assess their customer's affordability.

Trust your customer through CRIF. Sign up to our digital on boarding service in order to avoid any potential risks when doing business with sole traders and SME's.

If you would like to learn more, contact us on 01 903 2660 or email us at Helpdesk.vision-net@crif.com

Insolvency Notices

1,551

The number of companies that have collapsed this year. This figure is down 2% 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

  • 39 Companies

E8 (Notice Of Appointment Of Receiver)

  • 1 Company

EXAMINERS

  • 0 Company

Meetings of Creditors

4th of November, 2022

3rd of November, 2022

2nd of November, 2022

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Closures

142

The number of companies that have closed this week.

New Startups

New Companies

  • 509 Companies

New Businesses

  • 108 Businesses

Important Changes

Changed Status

  • 503 Companies

HIGH COURT NOTICES

  • 4 Companies

Strike off & Struck off Companies

Strike Off

  • 181 Companies

Struck Off

  • 151 Companies

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