A marginal increase in corporate insolvencies was recorded in Ireland in 2020, according to the latest insolvency statistics published by Deloitte.
The total number of corporate insolvencies recorded in Ireland in 2020 was 575, representing a marginal increase of just 1% from 2019, when the total number recorded was 568.
Commenting on the figures, David Van Dessel, Partner, Financial Advisory at Deloitte said despite the adverse financial impact of Covid-19 on many sectors of the Irish economy, overall corporate insolvency levels in 2020 have remained in line with those recorded for 2019.
He said this can be explained by a number of factors.
“The Irish government has deployed a broad range of measures to support struggling companies and…
Read the full article at: https://www.rte.ie/news/business/2021/0112/1189211-marginal-increase-for-corporate-insolvencies-in-2020/