Business Barometer

38% drop in Petitions to Wind-up heard in 2013

The Irish High Court has heard petitions to have 45 Irish companies wound-up this year, this represents a drop of almost 38% on the same period in 2012.

The courts have liquidated 24 (53%) of the 45 companies that had petitions against them and a further four have subsequently been liquidated.

In the same period in 2012, petitions to have 72 Irish companies were heard by the courts who went on to liquidate 38 (53%) of them with a further 18 going in to liquidation.

According to their latest filed accounts, the 24 companies that have been wound up by the High Court this year owe their short term creditors over €22.6m approx.

In order to Petition the Courts to have a company wound-up a creditor must be able to prove that they are owed at least €1,269.74 (1,000 in old Irish punts) by the company.

Insolvency Notices

469

The number of companies that have collapsed this year. This figure is down 15% 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

  • 36 Companies

E8 (Notice Of Appointment Of Receiver)

  • 14 Companies

EXAMINERS

  • 0 Companies

Closures

249

The number of companies that have closed this week.

New Startups

New Companies

  • 260 Companies

New Businesses

  • 451 Businesses

Important Changes

Changed Status

  • 694 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 153 Companies

Struck Off

  • 0 Companies

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