A new report shows that over 50% of Irish companies believe late payments pose a threat to their survival, and that the culture is hitting Ireland harder than its EU peers.

European provider of credit and revenue management services Intrum Justitia, has today criticised Irish business for bad debt management.

Irish public authorities take longer to settle their accounts than private or business customers, according to the latest payment survey carried out by Intrum Justitia, a leading provider of credit management services.

Intrum Justitia Ireland, part of Intrum Justitia, today announced the acquisition of Legal & Trade Collections (Ireland) Limited.