Retail sector overtakes construction as problem area for unpaid debt
New figures from business and credit information supplier, ICC Information show that the total value of court judgments against Irish companies for the recovery of unpaid debt rose by 24% – on a year-on-year basis – to just under €14 million in the third quarter of this year.
While the overall value of judgments has almost consistently risen since the beginning of 2009, the retail sector is now the largest problem area – responsible for €3.9m worth of judgments in the last quarter. It is the first time for more than a year-and-a-half that the construction sector hasn’t held that position. However, the three months to the end of September showed that construction-related firms still accounted for €3.3m worth of court judgments and 28% of all judgments.
