Four firms collapse every day
but spike in new business names
recorded this January.
Our
latest figures show that, on average,
four Irish companies failed every
day in January 2012.
121
company insolvencies were recorded
in January, this figure is down
19% on the same period in 2011.
81 of these companies were liquidated
with the remainder entering receivership.
Company
incorporations for January 2012
remained in line with figures
recorded from the same month in
2010 and 2011. However, Business
Name registrations rose 12% to
1,973, this compares to 1,767
registrations from January 2011.
Our
Stress Test of almost 13,000 Irish
companies revealed that approximately
55% of them were showing signs
consistent with business failure.
A
review of risk levels associated
with particular industry sectors
revealed that Hospitality sector
currently contains the highest
percentage of "At Risk"
companies.
Just
over 60% of companies operating
in this sector are ranked as being
"High Risk". The Construction
industry also remains affected
with 53% of firms appearing to
be in danger of collapse.
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