214 corporate insolvencies have been recorded in Ireland in Q1 2024, an increase of 47% compared with Q1 2023, when 146 insolvencies were recorded. The increase, according to the latest Insolvency & Restructuring Statistics compiled and published by Deloitte Ireland, has been primarily driven by Creditors Voluntary Liquidations (CVLs), which saw a 71% increase from the same period last year.
There have been five SCARP (Small Company Administrative Rescue Process) appointments and two Examinerships in Q1 2024 which shows a downward trend in the level of companies seeking early help. Since its introduction in 2021, there have been 60 SCARP appointments in total wit…
Read the full article at: https://avondhupress.ie/rates-of-corporate-insolvencies-reach-levels-not-seen-in-six-years-deloitte-analysis/
