Issue 356 (Week ending 10/12/2018)

While corporate insolvency rates in Ireland continue to drop, it's still vital that both companies and individuals carry out stringent tests on their customers, potential clients and suppliers to help ensure protection of their business.

Our research shows that 33 Irish companies are scheduled to hold a Meeting of Creditors (MOC) to appoint a liquidator between today and the start of 2019.

According to their latest sets of filed accounts with CRO, at the time of publishing, these companies owed their trade creditors a combined total of just under €16m.

Ten of these companies are based in Dublin, with a further five in Kildare and three apiece in Galway and Meath.

The wholesale & retail sector is worst affected with six of the companies operating there. Construction, hospitality and professional services each account for five insolvencies with a further three in both motor and social & personal services. The other affected industries are finance, manufacturing, real estate and transport & logistics.

CRIF VisionNet's Credit Reports offer you an intuitive and user-friendly way of identifying potential issues, well ahead of time.

These reports are highly analytical and are currently predicting over 80% of corporate insolvencies approximately 6 months in advance on average.

Our credit reports are able to do this by utilising the very latest technology along with the key critical risk factors facing Irish businesses today, to continually monitor and evaluate every score every day (over 300 factors are analysed every day on every company).

To access Credit Checks on any company, business or individual you deal with today simply login to Vision-net.ie today. And if you'd like to know more about any aspect of our credit reports call us on Tel: +353 1 664 1111.