The number of corporate insolvencies recorded in the first six months of the year was down 38% compared to the first half of 2020, according to new figures from Deloitte.
169 corporate insolvencies were recorded between January and June, compared to 273 during the same period last year.
In the second quarter of this year, 58 corporate insolvencies were recorded, a decrease of 48% compared to the first quarter of 2021 when there were 111 incidents.
According to Deloitte, the continued low level of corporate insolvency activity is largely due to the Government supports introduced to support businesses during the pandemic.
However, David Van Dessel, Partner of Financial Advisory at Deloitte said the full effects of Covid-19 on the Irish ec…
Read the full article at: https://www.rte.ie/news/business/2021/0705/1232999-business-failure-rate-remains-low-but-likely-to-rise/
