Companies that held a Meeting of Creditors with a view to winding-up this February owed their short term creditors almost E9m.
62 Irish companies are scheduled to hold a Meeting of Creditors (MOC) to appoint a liquidator last month - an average of just over two meetings per day.
According to their latest sets of filed accounts, these companies owe their short term creditors a combined total of E8.7m.
39% of these companies are based in Dublin. Cork, Kildare and Limerick account for a further 24% between them.
The wholesale & retail sector is the industry that's most affected, accounting for just over a quarter of insolvent companies with professional services and construction accounting for a further 31% between them (18% and 13% respectively).
The number of companies that have collapsed this year. This figure is down 48% 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.
- 30 Companies
E8 (Notice Of Appointment Of Receiver)
- 10 Companies
- 1 Company
The number of companies that have closed this week.
- 386 Companies
- 651 Businesses
- 1465 Companies
HIGH COURT NOTICES
- 0 Company
- 380 Companies
- 354 Companies