Issue 602 (Week ending 20/09/2023)

The months ahead mark the busiest period of the year for companies preparing and filing of annual returns with the CRO.

Over 40% of companies are due to file returns before year end. That equates to over 85,000 companies with majority of returns likely to be filed in October and November. 231,500 companies in total filed returns last year, 7% down on the previous year.

The above compiled with tax return season, means a busy period ahead for our customers. As they both look to confirm the latest details on a company and access documents previous filed.

Why Timely Filings Are Crucial:

Timely filing isn't just about compliance; it's essential for transparency, accountability, and late filing can often affect a company's credit ratings. It also helps companies avoid CRO penalties and potential legal issues, and access to credit issues.

As Ireland's annual filings frenzy continues, it's crucial for all companies to prioritize timely submissions and avoid potential pitfalls associated with non-compliance.

Stay Up-To-Date with Credit Report Updates & Monitoring:

Once a new document is filed, it is uploaded to the CRIFVision-net database and analysed. This will result in each company's credit report being updated. That means over 85,000 credit reports will be effected by this update. For financial accounts, this could mean changes to credit scores, credit limits, liquidity and much more. These changes give you the very latest details on a company and in turn will allow you to make more confident decisions.

To ensure you never miss an important alert, log into your Vision-net account and add any company to your alert list. We will monitor this list and alert you immediately once something changes. These monitoring solutions can also be integrated into your businesses systems delivering the data straight to the heart of your organisation where and when you need it most.

As always, if you would like to contact us for any further information, please call us on Tel: 01 903 2660 or email us solutions.vision-net@crif.com.