Our latest figures for 2014 show that 114 companies have held a Meeting of Creditors to appoint a liquidator so far this year - this is down 37% on the same period in 2013.
114 Irish companies have been scheduled to hold a meeting of creditors between the 1st January and 27th February 2014 - an average of approximately 2 meetings per day.
This figure is down 37% on the same period in 2013 when 181 of these meetings were held.
According to their latest sets of financial accounts, the 114 companies holding an MOC so far this year owe their trade creditors approximately E32.4m.
The wholesale and retail sector has been most affected by MOCs so far this year accounting for 25 (22%) of the 114 meetings held.
Manufacturing, construction, professional services and hospitality are next on the list accounting for a further 56.1% of insolvencies between them (17.5%, 14.9%, 13.2% and 10.5% respectively).
The number of companies that have collapsed this year. This figure is up 15% 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)
- 11 Companies
- 0 Company
The number of companies that have closed this week.
- 324 Companies
- 670 Businesses
- 884 Companies
HIGH COURT NOTICES
- 0 Company
- 179 Companies
- 466 Companies