Business Barometer (Week Ending 25/05/2019)

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Barometer

19 Companies to hold Meetings of Creditors before month end.

After the drop in insolvency rates Ireland experienced last year, compared to 2017, figures held steady in Q1-2019. However, it's still vital that companies and individuals continue to remain vigilant and carry out ongoing tests on customers, potential clients and suppliers to help protect their business interests.

To highlight this, as of today, 19 Irish companies are scheduled to hold a Meeting of Creditors (MOC) to appoint a liquidator between today and the end of the month (22nd-31st May 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 €5.5m.

Twelve (63%) of these companies are based in Dublin, with a further three in Meath, two in Cork and one each in Carlow and Galway.

The wholesale & retail sector is worst affected with seven of the companies operating there. The professional services sector accounts for a further six. The other affected industries are construction, hospitality, IT, manufacturing, real estate and social & personal services.

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 simply login to your account or contact our support team on Tel: +353 1 903 2660 or email helpdesk.vision-net@crif.com today.

Insolvency Notices

702

The number of companies that have collapsed this year. This figure is up 21% 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.




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Appointments

LIQUIDATORS

E8 (Notice Of Appointment Of Receiver)

EXAMINERS

Meetings of Creditors

24th of May, 2019

23rd of May, 2019

22nd of May, 2019

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Judgments

€46.6m

The value of consumer and commercial judgments awarded already this year. This works out as an average value of over €45,000 per judgment.
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CRO FIlings

1,819

The number of Companies that filed their latest Financial Accounts in the last 7 days. View list by Industry or by Area


Closures

463

The number of companies that have closed this week.
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Important Changes

Changed Status

HIGH COURT NOTICES

Strike off & Struck off Companies

Strike Off

Struck Off