Business Barometer

4 Companies were declared insolvent daily this January

101 Irish companies failed between 1st and 28th January 2013 - an average of 4 companies per day. This figure is down 20% on the same period in 2012.

Our figures show that of the 101 companies that failed, 75 were liquidated, 24 entered receivership and two had an Examiner appointed to them.

A regional breakdown of the figures shows that Dublin accounted for 35% of all insolvencies recorded, with Cork the second highest on 17%.

2,986 Company and Business Start-Ups were recorded during the month (an average of 106 start-ups per day), down 3% on the same period in 2012. 1,810 of these were registered business names with the remainder being incorporated companies.

397 Commercial and Consumer judgments were recorded in December 2012 worth a combined total of €25.3m. 218 of these judgments, worth €22.1m, were awarded against consumers.

Insolvency Notices

1,112

The number of companies that have collapsed this year. This figure is down 7% 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.

Appointments

LIQUIDATORS

  • 27 Companies

E8 (Notice Of Appointment Of Receiver)

  • 9 Companies

EXAMINERS

  • 2 Companies

Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 333 Companies

New Businesses

  • 795 Businesses

Important Changes

Changed Status

  • 493 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 250 Companies

Struck Off

  • 10 Companies

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