Issue 366 (Week ending 11/03/2019)

Corporate insolvency rates in Ireland experienced a significant drop last year when compared to 2017's figures, however, it's crucial that both companies and individuals continue to remain vigilant and carry out ongoing tests on customers, potential clients and suppliers to help protect their business interests.

Our latest research shows that, as of today, 14 Irish companies are scheduled to hold a Meeting of Creditors (MOC) to appoint a liquidator between today and the end of the month (13th-31st March 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 over €2m.

Nine (64%) of these companies are based in Dublin, with a further two in Wicklow and one each in Limerick, Tipperary and Westmeath.

The wholesale & retail sector is worst affected with four of the companies operating there. The professional services sector accounts for a further three with two insolvencies apiece in construction, hospitality and manufacturing. The other affected industry is IT.

The Credit Reports on CRIF Vision-net.ie, 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 or email helpdesk@vision-net.ie.