The number of retail and hospitality business insolvencies declined throughout 2025 as the overall number of company closures remained steady, new data from professional services firm PwC shows.
The latest PwC Insolvency Barometer shows the number of insolvencies recorded in 2025 hit 848 which is down from the 868 recorded in 2024. However, it is still higher than the 736 in 2023.
There was an average 204 insolvencies in each quarter since the start of 2023.
“These steady figures highlight that, despite some quarterly fluctuations, insolvency levels remain consistent over the past three years,” PwC said.
“This is as a result of Ireland’s recent robust economic performance and demonstrates the resilience of Irish businesses to…