Business Barometer

Figures compiled by Vision-net.ie show that 148 Irish Companies held a Meeting of Creditors to agree the appointment of Liquidator in April 2011.

Between them, these companies owed their Creditors €93.9m (71% to Short Term Creditors and the remainder to Long Term Creditors).

April was the worst month in 2011 for Companies holding Meetings of Creditors and continues the upward trend we've seen consistently throughout this year.

MOCs are increasing month by month in 2011. 498 meetings have been held in the first four months of this year, an increase of 11% on the same period in 2010.

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Court Ordered Judgments

The Irish Courts issued 499 Registered Judgments this April.

That number is up 19% on the figure for April 2010 however, the total value of Judgments awarded in April '11 was €25m (down 60% on the April '10 total).

Over 80% (€20.4m) were awarded against Consumers with the remainder being made up of Corporate Judgments.

Insolvency Notices

963

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

  • 35 Companies

E8 (Notice Of Appointment Of Receiver)

  • 7 Companies

EXAMINERS

  • 1 Company

Closures

308

The number of companies that have closed this week.

New Startups

New Companies

  • 218 Companies

New Businesses

  • 283 Businesses

Important Changes

Changed Status

  • 911 Companies

HIGH COURT NOTICES

  • 1 Company

Strike off & Struck off Companies

Strike Off

  • 438 Companies

Struck Off

  • 128 Companies

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