Four firms collapse every day but spike in new business names recorded this January.
Our latest figures show that, on average, four Irish companies failed every day in January 2012.
121 company insolvencies were recorded in January, this figure is down 19% on the same period in 2011. 81 of these companies were liquidated with the remainder entering receivership.
Company incorporations for January 2012 remained in line with figures recorded from the same month in 2010 and 2011. However, Business Name registrations rose 12% to 1,973, this compares to 1,767 registrations from January 2011.
Our Stress Test of almost 13,000 Irish companies revealed that approximately 55% of them were showing signs consistent with business failure.
A review of risk levels associated with particular industry sectors revealed that Hospitality sector currently contains the highest percentage of "At Risk" companies.
Just over 60% of companies operating in this sector are ranked as being "High Risk". The Construction industry also remains affected with 53% of firms appearing to be in danger of collapse.
The number of companies that have collapsed this year. This figure is down 8% 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.
- 36 Companies
E8 (Notice Of Appointment Of Receiver)
- 22 Companies
- 3 Companies
The number of companies that have closed this week.
- 298 Companies
- 700 Businesses
- 931 Companies
HIGH COURT NOTICES
- 0 Company
- 585 Companies
- 1 Company