There were 407 insolvencies during the first half of 2025, down by one per cent from the same period of last year (412). Insolvencies were spread evenly between the first (206) and second (201) quarters, according to Deloitte.
Creditors’ voluntary liquidation, ie company-led closures, decreased 18 per cent year-on-year from 323 in H1 2024 to 266 in the first six months of this year, but court liquidations more than doubled from 19 to 42.
Revenue was the petitioner in 27 out of 42 or 64 per cent of court liquidations in H1, up from six out of 19 (32 per cent) during the first six months of 2024.
Deloitte attributed the rise to companies being unable to meet phased payment agreements with Revenue as part of the Covid-19 debt…