The positive news of a decrease in insolvencies being recorded this year continues with significant drops in both MOCs and Court Ordered Liquidations taking place.
Our figures revealed that the first half of 2013 saw a 17% drop in the number of companies being declared insolvent in Ireland when compared to the same period in 2012.
This good news has been further boosted by our latest figures for Meetings of Creditors which show a drop of 18% so far this year.
This year's figure shows that 555 companies have called a MOC to appoint a liquidator - an average of 3 per day.
According to their latest sets of filed accounts, these companies owe their short term creditors a combined total of €183m approx. - an average of just under €330,000 per company.
Court Ordered liquidations have also dropped this year with just 35 recorded so far. This figure is down 34% on the 53 that were recorded in same period in 2012.
The number of companies that have collapsed this year. This figure is up 52% 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.
- 22 Companies
E8 (Notice Of Appointment Of Receiver)
- 25 Companies
- 0 Company
The number of companies that have closed this week.
- 295 Companies
- 496 Businesses
- 706 Companies
HIGH COURT NOTICES
- 2 Companies
- 223 Companies
- 156 Companies