Business Barometer

60 Irish companies were declared insolvent last month - down 14% from August 2015.

This August saw an average of just under two companies being declared insolvent each day - down slightly on the previous August, when 70 companies ceased trading.

The professional services sector was hardest hit this August and accounted for 14 (23%) of the insolvencies recorded. The construction sector saw 8 company insolvencies while the hospitality and wholesale & retail sectors saw 7 each.

A third of the insolvent companies this August were located in Dublin, with a further 10 being based in Cork. Clare, Galway, Limerick, Mayo and Meath were each home to 3 insolvent companies.

As well as the drop in insolvencies, further good news could be seen in the number of new companies formed. 1,776 were set-up - up 25% on the total from August 2015 (1,419). If average start-up rates remain at their current levels - we can expect to see over 20,000 new companies formed in Ireland this year.

To view details of any of these companies, or indeed, any of your clients, competitors or suppliers - simply login to your account today.

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

  • 34 Companies

E8 (Notice Of Appointment Of Receiver)

  • 9 Companies

EXAMINERS

  • 1 Company

Meetings of Creditors

26th of August, 2016

25th of August, 2016

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Closures

457

The number of companies that have closed this week.

New Startups

New Companies

  • 373 Companies

New Businesses

  • 321 Businesses

Important Changes

Changed Status

  • 675 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 353 Companies

Struck Off

  • 0 Companies

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