Business Barometer

Irish pubs struggling in tough economic conditions

Our probe in to almost 2,500 companies operating in the hospitality sector in Ireland revealed that a large percentage were displaying signs consistent with business failure - amongst the worst affected were Ireland's pubs.

Our stress test of 945 pubs (43% of all pubs trading in the country), showed that 49% were seen to be High Risk and in danger of collapse.

A further 20% of pubs were seen to be Medium Risks with the remaining 31% deemed to be Low Risk

As part of the same survey we also stress tested a randomly selected sample of Irish hotels and restaurants.

Of the 990 restaurants tested we found that 494 were rated as being at a high risk of failure. 183 were a medium risk and the remaining 313 were deemed to be low risk.

Hotels did not fare much better with 263 of the 547 tested showing up as high risk and a further 149 being a medium risk.

An overall view of the hospitality sector this year reveals that it has accounted for 6% of closures and 6.5% of start-ups in 2013.

Insolvency Notices

966

The number of companies that have collapsed this year. This figure is down 5% 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

  • 22 Companies

E8 (Notice Of Appointment Of Receiver)

  • 6 Companies

EXAMINERS

  • 0 Companies

Closures

298

The number of companies that have closed this week.

New Startups

New Companies

  • 245 Companies

New Businesses

  • 278 Businesses

Important Changes

Changed Status

  • 984 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 191 Companies

Struck Off

  • 0 Companies

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