There has been a 42% drop in the number of petitions to Wind-Up companies being presented to the courts so far this year when compared to the same period in 2012.
So far this year petitions to wind-up 86 Irish companies have been presented to the courts - an average of just under 10 per month - this represents a 42% drop on the figure for the same period in 2012 (149).
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 86 companies, 54 (63%) have been, or are in the process of being wound-up.
According to the latest financial accounts filed these companies owe their trade creditors over €33.9m
The number of companies that have collapsed this year. This figure is up 50% 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.
- 33 Companies
E8 (Notice Of Appointment Of Receiver)
- 9 Companies
- 0 Company
The number of companies that have closed this week.
- 325 Companies
- 303 Businesses
- 602 Companies
HIGH COURT NOTICES
- 5 Companies
- 244 Companies
- 0 Company