38% drop in Petitions to Wind-up heard in 2013
The Irish High Court has heard petitions to have 45 Irish companies wound-up this year, this represents a drop of almost 38% on the same period in 2012.
The courts have liquidated 24 (53%) of the 45 companies that had petitions against them and a further four have subsequently been liquidated.
In the same period in 2012, petitions to have 72 Irish companies were heard by the courts who went on to liquidate 38 (53%) of them with a further 18 going in to liquidation.
According to their latest filed accounts, the 24 companies that have been wound up by the High Court this year owe their short term creditors over €22.6m approx.
In order to Petition the Courts to have a company wound-up a creditor must be able to prove that they are owed at least €1,269.74 (1,000 in old Irish punts) by the company.
The number of companies that have collapsed this year. This figure is up 19% 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)
- 14 Companies
- 0 Company
The number of companies that have closed this week.
- 260 Companies
- 451 Businesses
- 694 Companies
HIGH COURT NOTICES
- 2 Companies
- 153 Companies
- 0 Company