January Judgments


The last four weeks has seen 479 plaintiffs take Irish Consumers and Corporates to court over unpaid debts, compared to 496 for same period last year.

Of the 479 cases, 165 were against sole traders and limited companies and 314 against consumers.

The value of the bad debts reached €28.2m compared to €64m for the same period last year,  a drop of 56%. Commercial bad debts accounted for €3m compared to €3.8 for same period last year and consumer bad debts accounted for €25m, compared to a whopping €60m for same period in 2012.  Part of the reason for this was five substantial judgments in favour of IBRC totaling €35m taken in January 2012.

A Closer Look - Plaintiffs:

There are signs that the Revenue is taking a more aggressive approach. So far, Revenue has obtained 135 judgments amounting to €6.7m which is up 61% in volume and 21% in value.

Conversely, the Financial Institutions have been less active in comparison to last year. To date, they have obtained 38 judgments  totaling a mere €10m compared to 57 and €50m for last year.

The County Councils are accelerating legal action against local businesses for unpaid rates owed to them. They have increased their volume of judgments by 124% and the value has also increased by 45%.

The value of bad debts owed to the Credit Unions fell by one quarter to €691,000 for the first month of the year.

Top Judgments Registered

11.11.2020

Urban Green Private Limited
Address: R/o Atkins Hall, River Towers, Lee Road, Cork
Amount: €734,547.90

16.11.2020

Cabins 4 Less Limited
Address: R/o 4 Roberts Hill, Circular Road, Kilkenny
Amount: €14,188.00

16.11.2020

Chris Murphy
Address: 921 St Patricks Park, Celbridge, Kildare
Amount: €12,339.20

16.11.2020

Martin Kenny
Address: 265 Mellifont Park, Drogheda, Louth
Amount: €9,465.30

Limited Company Notices

25.11.2020

COLLAND SAND & GRAVEL LIMITED
Resolved 24 November 2020 that the above named com...
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25.11.2020

CCIS LIMITED
Resolved 24 November 2020 that the above named com...
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25.11.2020

SILK ROAD PLUS PUBLIC LIMITED COMPANY
Resolved 24 November 2020 that the above named com...
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25.11.2020

SNOW HILL DESIGNATED ACTIVITY COMPANY
Resolved 24 November 2020 that the above named com...
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