Our latest figures for 2014 reveal a 28% drop in the number of Irish companies holding Meetings of Creditors to appoint a Liquidator.
As of today, 25th April 2014, 266 Irish companies have held or will hold a meeting of creditors to appoint a liquidator - an average of just over two per day.
This year's figure is down 28% and 33% on the same periods in 2013 and 2012 respectively, when 363 and 395 meetings were held.
According to their latest sets of filed financial accounts, the 266 companies with an MOC notice in 2014 owe their short term creditors approximately E131.7m.
The wholesale and retail sector is the industry that has been most affected by MOCs this year and it accounts for approximately 21% of the meetings held.
Construction, manufacturing, professional services and hospitality are the next most affected industries and between them they account for a further 53% of MOCs this year.
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.
- 11 Companies
E8 (Notice Of Appointment Of Receiver)
- 3 Companies
- 0 Company
The number of companies that have closed this week.
- 220 Companies
- 482 Businesses
- 626 Companies
HIGH COURT NOTICES
- 5 Companies
- 375 Companies
- 0 Company