The latest insolvency statistics published by Deloitte show that the total number of corporate insolvencies in Q1 2019 was 195, a marginal increase when compared to Q1 2018 when 188 corporate insolvencies were recorded.
Further analysis of the insolvencies in the first quarter of the year reveals that eight out of ten companies (154, 79%) entering an insolvency process were incorporated more than five years ago.
21% (41) of all insolvencies recorded in this quarter relate to companies less than five years old, 27% (52) are in the 5-10 years bracket, 26% (51) are in the 10-20 years bracket, 11% (21) are in the 20-30 years bracket, 7% (14) are in the 30-40 years bracket and 8% (16) are over 40 years old.
David Van Dessel, Partner, Financ…
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