So far this year (1st January - 24th February 2011) the Irish High Court has heard 30 Petitions for the Winding-Up of 29 Irish Companies. That's an average of just under FOUR Petitions per week in 2011.

A Creditor can make a petition to the High Court to Wind-Up a company if they can show that they are owed over €1,269.74 by the company in question.

High Court Petitions

by Industry Type

*"Others" include Business & Professional services, IT, Manufacturing Mining, Motor, Social & Personal services and Real Estate industries.

As you can see, companies in the Construction sector continue to struggle and account for 31% of the Winding-Up Petitions that have been presented to the High Court so far this year.

Companies in the Hotel & Restaurant sector along with those involved in Wholesale & Retail account for another 42% of the Petitions received so far this year.

Court Ordered Liquidations 2011

Worryingly, the High Court has already ordered that NINE of the 29 companies be Liquidated. This figure could deteriorate further as more Hearing Dates come to pass.

Once again companies in the Construction and Hotel & Restaurant industries are the most affected industry groupings:

Industry Type

Court ordered Liquidations

Construction 3

Hotels & Restaurants 3

Wholesale & Retail 2

Business & Pro Services 1

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