The insolvency rate remains below the 20-year running average, with considerably less insolvencies last year than was expected.
While there were 852 insolvencies in 2024 – an increase of 16% – this was below the expected number of 900.
On Newstalk Breakfast, spokesperson for professional services firm PwC Ken Tyrrell said that while the overall number of insolvencies is up, certain quarters were lower than the previous year.
“Versus 2023, it was up 16% – but what was interesting was at the end of Q3, that had been up 34% on the year before,” he said.
“Q4 figures are actually a bit lower – they’re 20% lower than 2023, which is the first time that’s happened in a couple of…
