Business Barometer

Our most recent figures reveal a 12% drop in the number of Irish companies holding Meetings of Creditors to appoint a Liquidator this year.

As of today, 11th July 2014, 493 Irish companies have held or will hold a meeting of creditors to appoint a liquidator - an average of just over two per day.

This year's figure is down 12% and 28% on the same periods in 2013 and 2012 respectively, when 561 and 681 meetings were held.

According to their latest sets of filed financial accounts, the 493 companies with an MOC notice in 2014 owe their short term creditors approximately E199.8m.

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