Business Barometer

Rising Above: Company Insolvencies Continue to Drop: 18% on 2018, 69% Since 2012.

Data analysed for our Business Barometer: Annual Review 2020 has shown a staggering decrease in company insolvencies over the past nine years. 2019 saw the lowest number of company insolvencies since the economic crash, with 617 cases reported during the year. This number is a strong indicator of the continued economic growth in Ireland over the past five years.

Company insolvencies reached 2,019 cases at the height of the crash in 2011 working out at 168 insolvencies per week, compared to only 51 per week in 2019, a 69% drop. Bar a slight blip in 2017 which saw 1,018 companies go insolvent, there has been a steady year on year decrease since 2011, clearly showing how Ireland has entered into and emerged from, a period of recession.

Company Insolvencies: 10 Year Trend -

2010: 1,662
2011: 2,019
2012: 1,976
2013: 1,586
2014: 1,479
2015: 1,096
2016: 990
2017: 1,018
2018: 756
2019: 617

As you can see above, the rise and fall in Irish company insolvencies during this period, helps us understand the severity of the situation we faced and the progress that we have made and continue to make every year.

With regards to 2019 the types of insolvencies were broken up into 495 Liquidations, 95 Receiverships and 27 Examinerships.

The industries with the most insolvencies during the year were Professional Services (128), Wholesale & Retail (87) and Hospitality (66).

For more information on company insolvencies click here to read CRIF Vision-Net's Annual Review 2020

Insolvency Notices

385

The number of companies that have collapsed this year. This figure is down 16% compared to last year
Click here to view the list


PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Appointments

LIQUIDATORS

  • 18 Companies

E8 (Notice Of Appointment Of Receiver)

  • 0 Company

EXAMINERS

  • 0 Company

Meetings of Creditors

7th of February, 2020

6th of February, 2020

4th of February, 2020

Read More

Closures

221

The number of companies that have closed this week.

New Startups

New Companies

  • 461 Companies

New Businesses

  • 326 Businesses

Important Changes

Changed Status

  • 820 Companies

HIGH COURT NOTICES

  • 0 Company

Strike off & Struck off Companies

Strike Off

  • 294 Companies

Struck Off

  • 0 Company

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