Business Barometer

For the first time this year we've seen a drop in the number of Meetings of Creditors taking place in Irish Companies. However, with EUR93m owed to creditors (according to their last filed balance sheet) by these insolvent companies...the news isn't completely bright.

A total of 96 insolvent Irish Companies held a Meeting of Creditors to Appoint a Liquidator in May of this year. This is a drop of 35% on the number of MOCs from April 2011.

However, between them, these 96 Companies owed their Creditors almost €93m. Creditors of companies in the "Wholesale and Retail" sector were worst affected as they were owed just over €40m (43% of the overall total owed).

Meetings of Creditors - May 2011

Provincial Breakdown

As you can see, the majority of Companies that held a Meeting of Creditors this May have a registered office in Leinster (67%). Between them, firms from Leinster owed their Creditors just over €41m.

Insolvency Notices

686

The number of companies that have collapsed this year. This figure is down 12% 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

  • 27 Companies

E8 (Notice Of Appointment Of Receiver)

  • 9 Companies

EXAMINERS

  • 0 Companies

Closures

29

The number of companies that have closed this week.

New Startups

New Companies

  • 214 Companies

New Businesses

  • 413 Businesses

Important Changes

Changed Status

  • 949 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 320 Companies

Struck Off

  • 238 Companies

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