€20m judgments against companies

THE value of court judgments against companies for the recovery of unpaid debt continued to rise in the first quarter of this year, hitting almost €20 million.

One judgment was for €9.8m, the highest value of a single judgment in the last 15 months, against Bernard McNamara and his company, Donatex.

The construction sector accounted for the largest number of court judgments filed hitting €4.2m, with €900,000 worth of judgments in real estate and renting.