Business Barometer

39% rise in value of debts against consumers registered in '18.

2018 was a challenging year for consumers with the value of bad debts registered against them increasing significantly on the previous year. This is a trend that will need to be monitored as it will likely have an impact on credit control and cash collection for the year ahead.

While the number of judgments registered against both companies and consumers last year was down by 6% on 2017's total (2,525 v 2,695) the value of bad debts against consumers increased substantially.

€258.8m (up 39% on 2017's total - €185.8m) in bad debts were registered against consumers in 1,949 separate judgments - an average of almost €132,792 per judgment.

A further €15.2m bad debts were registered against companies in 2018 (down 19% on the previous year - €18.8m) in 576 separate judgments (€26,447 per judgment).

These figures give an indication of the impact that a poor paying corporate or consumer client can have on the cash flow of a company, and highlight the need for continued risk assessment and client monitoring.

Vision-net lets you carry out risk assessment in a low cost and highly effective way, to minimise your exposure along the full credit life cycle, using the very latest data, to ensure you make the most informed credit and risk decisions.

Why not check a client on today. All of our accounts allow you to search judgments and analyse bad debt histories on consumers and corporate clients, as well as proactively alerting you if a new judgment is registered against someone you have an interest in - free of charge.

Vision-net also gives you access to the most comprehensive background checking tool on the market on consumers with our CCI report. This simple search compiles information, taken from 11 key data streams, into one user-friendly credit profile of directors or individuals.

To access reports on any business or individual you deal with, simply login to today or call us on Tel: +353 1 664 1111.

  By Business Barometer.

Issue 358 (Week Ending 18/01/2019)

Review Your Company's Credit Report Today - For Free!

Great credit management begins with knowing where your and your customers credit rating is today. Get started with a free Vision-net Credit Report on your company and two of your most important customers.

Get Started For Free >>

The Key Business Trends For The First 9 Months Of 2018


Company start-up growth slows in the first three quarters of 2018 but insolvencies decrease by 23%

Read More »

The Key Business Trends For The First Half Of 2018


Company start-ups remain strong while insolvencies fall by 30% in the first half of 2018

Read More »

The Key Business Trends of Q1-2018


Company start-ups remain strong while insolvencies fall in the first quarter of 2018

Read More »

The 2018 Annual Review


2017 was a record year for company start-ups in Ireland while insolvencies went through a levelling off period.

Read More »