Killorglin company launch internet site.

Killorglin based company has launched the first ever internet creditstoplist for slow paying debtors. Any business can register a debt that is overdue and the name and address of the person is put on the creditstoplist website. At the moment the system is only licensed to operate in Ireland but negotiations are underway with the UK. More than 40 Irish companies have registered debts since its introduction in August. According to Ken Wainwright CEO of creditstoplist the aim behind it is to combat late payments in commercial transactions and to limit insolvencies.