Business insolvencies rise as hospitality under pressure rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
1,000 insolvencies predicted for 2024 rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
However, this figure remains low compared to 2019 levels as current the annual failure rate 25 companies per 10,000, compared to the pre-pandemic level of 36 per 10,000.
Predominantly SME liquidations are making up nearly all of the increases and this is largely down to the impact of cost inflation, rising interest rates and legacy debt build-up