Professor Gerry Boyle:

There are bad debts but they tend to be small. I do not have the percentage but we can supply it to the Deputy. The audit committee makes a determined effort to recover all bad debts, and we only write a debt off when we have reached the end of the road. We wrote off €113,000 in 2017. That is across 12 advisory regions. We have 45,000 clients so, while no write-off is acceptable, in the context of the overall income generated by our advisory fees of close to €12 million it is not an entirely bad figure.