Business Barometer

20% drop in Insolvencies recorded in Q1-2013

We enter the second quarter of 2013 on the back of some good news as Irish company insolvencies dropped by 20% when compared to the same period in 2012.

Our figures for the first three months of this year indicate that 395 Irish companies were declared insolvent between 1st Jan and 25th Mar 2013 - this compares to 493 insolvencies during the same period in 2012.

68% of the insolvencies recorded this year were Liquidations (268) with a further 119 Receiverships and 8 Examinerships. The figure for receiverships dropped sharply when compared to 2012's figure - 119 v 191.

39% of liquidations affected companies based in Dublin - this figure is down 5% on the same period in 2012. Cork and Kildare accounted for 16% and 7% of insolvencies respectively.

Between them, these top three counties accounted for 62% of company insolvencies.

There was a 2% drop in Start-Ups recorded in Q1 this year - 10,130 v 10,348 however, company start-up figures were up 11% on the Q1-2012 figure (3,667 v 3,311).

Business names registrations dropped by 8% from 7,037 last year to 6,463 this quarter. On average we saw 120 Irish start-ups recorded daily this quarter.

Insolvency Notices

474

The number of companies that have collapsed this year. This figure is down 16% 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

  • 43 Companies

E8 (Notice Of Appointment Of Receiver)

  • 12 Companies

EXAMINERS

  • 1 Company

Closures

457

The number of companies that have closed this week.

New Startups

New Companies

  • 105 Companies

New Businesses

  • 361 Businesses

Important Changes

Changed Status

  • 1074 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 93 Companies

Struck Off

  • 704 Companies

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