Research shows Three in Five consumers cautious about buying vouchers in case firms go bust

Our survey has found that 53% would not be confident buying a voucher for a hotel or spa, and 37% felt there was a chance that a voucher for a local restaurant would not be redeemable.

  • 53% would not be confident buying a hotel or spa voucher

  • 29% have had a voucher that could not be redeemed

  • 90% would buy a voucher if they knew the business was stable

In the past, 29% of respondents had either bought or received a gift voucher which they could not use because the business stopped trading

Overall, 57% said they would not be confident buying a voucher as a gift this Christmas.

This caution is unsurprising due to the current economic conditions we're experiencing where we're seeing an average of six Irish companies collapsing daily.

An excellent way of avoiding the pitfalls that come with insolvent companies is to investigate the financial history of potential trade partners before parting with any money or extending credit.

Encouragingly, our survey found that nine out of 10 consumers would buy a gift voucher or large item in the run-up to Christmas if they were reassured about the stability of the business.

Insolvency Notices

1,513

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

  • 52 Companies

E8 (Notice Of Appointment Of Receiver)

  • 13 Companies

EXAMINERS

  • 3 Companies

Closures

33

The number of companies that have closed this week.

New Startups

New Companies

  • 320 Companies

New Businesses

  • 505 Businesses

Important Changes

Changed Status

  • 968 Companies

HIGH COURT NOTICES

  • 3 Companies

Strike off & Struck off Companies

Strike Off

  • 231 Companies

Struck Off

  • 381 Companies

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