Business Barometer

386 Irish companies have been declared insolvent so far this year.

This is an average of just under three insolvencies per day and is down 11.5% on the same period last year when 436 companies were closed.

A closer review of this year's insolvencies indicates that the construction and professional services sectors have been worst affected as they account for 19% and 18% of insolvencies respectively. The construction sector has seen 8 more insolvencies this year compared to last (72 v 64) while professional services remained in line (71 v 70).

Wholesale & retail was the next most affected industry, accounting for 14% of total insolvencies while the real estate sector saw a 29% reduction in closures with 39 being recorded - down from 55 last year.

47% of insolvent companies this year are based in Dublin which another 9% in Cork and 4% in Limerick.

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Insolvency Notices

642

The number of companies that have collapsed this year. This figure is down 4% compared to last year
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PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Judgments

€118.3m

The value of consumer and commercial judgments awarded already this year. This works out as an average value of over €97,000 per judgment.
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Judgments Report

4,275 judgments were awarded in 2014. 75% were against consumers and they totalled €293.5m. Commercial judgments accounted for another €40.8m





CRO Filings

1,442

The number of Companies that filed their latest Financial Accounts in the last 7 days. View list by Industry or by Area


Closures

214

The number of companies that have closed this week.
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Important Changes

Changed Status

HIGH COURT NOTICES

Strike off & Struck off Companies

Strike Off

Struck Off

  • 0 Companies

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