As businesses navigate ongoing cost and labour pressures, the latest data on commercial judgments highlights both the challenges and opportunities for financial resilience across Ireland.
According to our latest data, the number of Commercial Judgments filed in 2024 doubled, reaching a total of 1,400. This is an increase from 700 in 2023, indicating shifting financial conditions for companies.
The total value of these Commercial Judgments rose to over E8.3 million, marking a 73% increase of almost E12 million compared to the previous year. The rise in judgments across the commercial sector highlights the importance of proactive financial strategies.
These figures are a reminder of the importance of financial resilience, and they highlight the many opportunities available for businesses to take control of their financial future ahead of time. With the right planning, strategic support, and proactive decision-making, financial challenges can be transformed into opportunities for stability and growth.
CRIFVision-net allows you to stay up to date with all of these judgments recorded in Ireland! Whenever you add a company to your alerts list, you will be notified of any changes, including if and when a judgement is filed.
Call us on 01 903 2660 or email solutions.vision-net@crif.com to learn more about our risk assessment solutions today!
By Business Barometer.
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