Irish corporate insolvencies fell slightly last year from a six-year high in 2024 but the number of company collapses could accelerate if unemployment continues to rise, according to PwC.
There were 848 companies which entered insolvency in 2025, slightly down on the 868 seen the previous year, which was the highest in six years. Hugh Dooley has the story.
Meanwhile, profits slumped at Bacardi-controlled Teeling Whiskey last year during a challenging year for the sector, according to newly filed financial accounts.
The Dublin-based distillery, which was founded by the Teeling brothers, Jack and Stephen, but is now majority owned by drinks giant Bacardi, saw pretax profits fall by more than 90 per cent during a challenging period for…