Potential bad debts have doubled this year

The level of potential bad debts being reported by Irish companies has more than doubled over the past year, according to new figures from credit insurance company Atradius.

20th September, 2008

The level of potential bad debts being reported by Irish companies has more than doubled over the past year, according to new figures from credit insurance company Atradius.

Each month, Irish companies report seriously overdue payments to Atradius, which chases up the debt. Actual payouts by the insurer have risen by 180 per cent.

In July, customers reported seriously overdue accounts of €14.3 million, compared with €5.1 million in July 2007.

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