Irish corporate insolvencies rose 16 per cent to their highest level in six years, though they came in below expectations as the fourth-quarter saw a drop off in company collapses, according to PwC.
The Big Four accountancy firm said the total figure for 2024 was 852, which was well shy of its forecast that insolvencies would breach the 900 mark this year.
The lower figure “highlights that the Irish economy and many Irish businesses continue to demonstrate resilience”, PwC said.
The retail and hospitality sectors accounted for more than 40 per cent of all insolvencies. While the economy was strong last year – with gross national income-star (GNI*) estimated by the Government to have grown by almost 5 per cent for a second year…
