Our latest figures for 2013 show a sizeable drop in the number of petitions being heard by the Irish High Court to have companies declared insolvent and wound-up.
To date the courts have been presented with petitions to have 66 Irish companies liquidated - an average of just over 9 per month.
This figure is down 38% from the same period in 2012 when petitions to have 106 Irish companies were presented to the courts.
In order to present a petition to have a company wound up, an individual or a company (most likely a creditor) must be able to show that they are owed a minimum of €1,269.74 (1,000 in old Irish punts).
Of the 66 companies that have had a winding-up petition presented against them this year, 35 (53%) have been liquidated and a further four have yet to have their cases heard by the courts.
The number of companies that have collapsed this year. This figure is down 12% 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.
- 32 Companies
E8 (Notice Of Appointment Of Receiver)
- 13 Companies
- 6 Companies
The number of companies that have closed this week.
- 229 Companies
- 410 Businesses
- 914 Companies
HIGH COURT NOTICES
- 1 Company
- 332 Companies
- 181 Companies