Irish corporate insolvencies fell 14 per cent in the first quarter of this year to a total of 192 liquidations, receiverships, examinerships and small company administrative rescue processes (Scarps), continuing a drop-off seen in the latter part of 2024, according to PwC.
For last year as a whole insolvencies rose 16 per cent to 852, marking the highest figure in six years.
The recent downward trend “highlights that the Irish economy and many Irish businesses continue to demonstrate resilience despite geopolitical challenges”, the Big Four accountancy firm said.
While the insolvency rate has doubled to a current annualised figure of 29 per 10,000 businesses, it remains below the 20-year average of 50 – and far below a peak of 109…
