Business Barometer

386 Irish companies have been declared insolvent so far this year.

This is an average of just under three insolvencies per day and is down 11.5% on the same period last year when 436 companies were closed.

A closer review of this year's insolvencies indicates that the construction and professional services sectors have been worst affected as they account for 19% and 18% of insolvencies respectively. The construction sector has seen 8 more insolvencies this year compared to last (72 v 64) while professional services remained in line (71 v 70).

Wholesale & retail was the next most affected industry, accounting for 14% of total insolvencies while the real estate sector saw a 29% reduction in closures with 39 being recorded - down from 55 last year.

47% of insolvent companies this year are based in Dublin which another 9% in Cork and 4% in Limerick.

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Insolvency Notices

1,563

The number of companies that have collapsed this year. This figure is down 3% 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.

Appointments

LIQUIDATORS

  • 25 Companies

E8 (Notice Of Appointment Of Receiver)

  • 4 Companies

EXAMINERS

  • 3 Companies

Closures

145

The number of companies that have closed this week.

New Startups

New Companies

  • 601 Companies

New Businesses

  • 554 Businesses

Important Changes

Changed Status

  • 585 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 301 Companies

Struck Off

  • 0 Company

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