This reflected a 22pc increase from the same period last year but was slightly below the number recorded in the final quarter of the year, when 154 insolvencies were reported.

Deloitte financial advisory partner David Van Dessel said recent levels of activity suggest corporate insolvencies here are returning to pre-pandemic levels, although he anticipates that there may be an increase in numbers this year compared to 2019.

At the current rate of activity, if you look back over the past six months, the 2023 calendar year would get slightly above the 2019 level [of 568], he said.

Deloitte is now forecasting around 600 corporate insolvencies this year, up …

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