Business Barometer

Between the 18th and 22nd of July 2011, 19 Irish Companies will hold a Meeting of Creditors in order to agree Winding-Up arrangements - these companies owe their Creditors just over EUR49m (based on their latest set of filed accounts).

Having viewed the latest insolvency notices, we've found that this week will see an average of almost 4 companies

a day holding a Meeting of Creditors. That's 16% of the 118 MOCs already scheduled to take place in July.

Between them, these companies owe their Trade Creditors over €22m with the remainder being Long Term liabilities.

However, the majority of the €49m debt comes from just one Company. This company owes €9.2m to its Trade Creditors and a further €15.9m in long term debts.

When these meetings take place, the company in question will have the opportunity to nominate a liquidator to handle the Winding-Up arrangements.

If the Creditors agree to this nomination, the Liquidator can begin the process of Liquidating the company and putting together a scheme of arrangement to reimburse the Company's Creditors.

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

  • 56 Companies

E8 (Notice Of Appointment Of Receiver)

  • 9 Companies

EXAMINERS

  • 0 Companies

Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 254 Companies

New Businesses

  • 670 Businesses

Important Changes

Changed Status

  • 1048 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 276 Companies

Struck Off

  • 345 Companies

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