4 Companies were declared insolvent daily this January
101 Irish companies failed between 1st and 28th January 2013 - an average of 4 companies per day. This figure is down 20% on the same period in 2012.
Our figures show that of the 101 companies that failed, 75 were liquidated, 24 entered receivership and two had an Examiner appointed to them.
A regional breakdown of the figures shows that Dublin accounted for 35% of all insolvencies recorded, with Cork the second highest on 17%.
2,986 Company and Business Start-Ups were recorded during the month (an average of 106 start-ups per day), down 3% on the same period in 2012. 1,810 of these were registered business names with the remainder being incorporated companies.
397 Commercial and Consumer judgments were recorded in December 2012 worth a combined total of €25.3m. 218 of these judgments, worth €22.1m, were awarded against consumers.
The number of companies that have collapsed this year. This figure is up 27% 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.
- 27 Companies
E8 (Notice Of Appointment Of Receiver)
- 9 Companies
- 2 Companies
The number of companies that have closed this week.
- 333 Companies
- 795 Businesses
- 493 Companies
HIGH COURT NOTICES
- 0 Company
- 250 Companies
- 10 Companies