Corporate insolvencies down almost a quarter on 2014 levels.
Our latest figures for corporate insolvencies in Ireland this year show that 493 companies have been declared insolvent - an average of 3 per day.
This is down 24% on the figure for the same period last year when 648 Irish companies were found to be insolvent.
358 (73%) of the insolvent companies this year have either had a liquidator appointed or been ordered to Wind-Up by the High Court.
A further 122 companies have had a receiver appointed and thirteen have been placed under the protection of the courts by having an examiner appointed.
40% of insolvent companies this year were based in Dublin with a further 9% and 6% based in Cork and Galway respectively.
The most affected industry sectors so far this year are professional services, construction and wholesale & retail - accounting for 16%, 15% and 13% of insolvencies.
The number of companies that have collapsed this year. This figure is down 20% 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.
- 44 Companies
E8 (Notice Of Appointment Of Receiver)
- 14 Companies
- 3 Companies
The number of companies that have closed this week.
- 113 Companies
- 508 Businesses
- 297 Companies
HIGH COURT NOTICES
- 0 Company
- 73 Companies
- 0 Company