DUBLIN: According to British trade credit insurer Atradius, the first half of 2015 saw a 25% year-on-year rise in trading losses among Irish firms linked with the UK building sector, as insolvencies there increase.
Atradius protects firms from the risks of trading domestically and overseas. The company has paid out nearly €500,000 in claims in the last month.
Since the construction downturn, many Irish construction companies and suppliers have sought new opportunities in the UK to achieve business growth,” said Stuart Ramsden, Atradius’s country manager for Ireland.
