Figures compiled by Vision-net.ie show that 148 Irish Companies held a Meeting of Creditors to agree the appointment of Liquidator in April 2011.
Between them, these companies owed their Creditors €93.9m (71% to Short Term Creditors and the remainder to Long Term Creditors).
April was the worst month in 2011 for Companies holding Meetings of Creditors and continues the upward trend we've seen consistently throughout this year.
MOCs are increasing month by month in 2011. 498 meetings have been held in the first four months of this year, an increase of 11% on the same period in 2010.
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Court Ordered Judgments
The Irish Courts issued 499 Registered Judgments this April.
That number is up 19% on the figure for April 2010 however, the total value of Judgments awarded in April '11 was €25m (down 60% on the April '10 total).
Over 80% (€20.4m) were awarded against Consumers with the remainder being made up of Corporate Judgments.
The number of companies that have collapsed this year. This figure is up 32% 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.
- 35 Companies
E8 (Notice Of Appointment Of Receiver)
- 7 Companies
- 1 Company
The number of companies that have closed this week.
- 218 Companies
- 283 Businesses
- 911 Companies
HIGH COURT NOTICES
- 0 Company
- 438 Companies
- 128 Companies