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Insolvencies ahead in Ireland
Over 38,000 companies in the Republic of Ireland are at risk of insolvency, insolvencynews.com reports, referring to research by Vision-net.ie.
Business information agency Vision-net.ie determines which businesses are at risk by looking at `key criteria` such as falling / negative cash flow, over-reliance on debt, reduced sales / profits and `significant` interest burdens.
Managing Director Christine Cullen said: "Our risk model is signalling that more than 38,000 companies who appear to be normal are in fact in trouble. These companies are highly likely to be unable to meet their trading and financial commitments."
As she pointed out, when a company goes insolvent it means their suppliers are `left battling it out`.
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