New figures from Deloitte Ireland show that the number of corporate insolvencies jumped by 47% in the first quarter of 2024 compared to the same time last year and could reach a total of 800 by the end of the year.
Deloitte’s latest Insolvency & Restructuring Statistics reveal 214 corporate insolvencies during the first three months of the year, up from 146 cases during the first quarter of 2023.
The increase was mainly driven by Creditors’ Voluntary Liquidations (CVLs), which saw a 71% increase from the same period last year.
Today’s figures also show a total of five SCARP (Small Company Administrative Rescue Process) appointments and two Examinerships were made in the first quarter of the year – a downward trend in the level of…
