Business Barometer

Based on an in-depth Stress Test of almost 13,500 Irish Companies in May 2011, Vision-net.ie have found that the current economic climate continues to adversely affect trade.

Having analysed 13,500 (approx) Irish companies this May we found that 55% (7,431) displayed signs consistent with Business Failure and Insolvency. By comparison, less than 30% (3,752) are deemed to be a Low Trade Risk.

Insolvencies - May 2011

Over 150 Irish companies were declared Insolvent in May '11. The majority of these were Creditor Voluntary Liquidations (CVLs) where no Declaration of Solvency was filed. In these cases the company itself takes the decision to appoint a Liquidator as it may be unable to pay its debts as they fall due.

Receivers were appointed to 44 Irish Companies while the Irish Courts ordered the Winding-Up of 6 Companies. Court Ordered Liquidations differ from CVLs as in this case, an individual (usually a Creditor of the Company) petitioned the High Court to have the company liquidated.

Insolvency Notices

1,112

The number of companies that have collapsed this year. This figure is down 7% compared to last year
Click here to view the list


PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Appointments

LIQUIDATORS

  • 41 Companies

E8 (Notice Of Appointment Of Receiver)

  • 12 Companies

EXAMINERS

  • 0 Companies

Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 302 Companies

New Businesses

  • 772 Businesses

Important Changes

Changed Status

  • 1792 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 275 Companies

Struck Off

  • 264 Companies

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