35% rise in Irish business insolvencies in Q1-Q3 2024, totaling 661 cases, with retail leading and predictions to exceed 900 by year-end.
PwC reports a 35% rise in business insolvencies in Ireland during the first nine months of 2024, totaling 661 cases, with predictions to exceed 900 by year-end. The retail sector leads with 162 insolvencies, making up a quarter of all cases, followed by hospitality. Most insolvent companies are small-to-medium enterprises, with liquidations constituting 84% of insolvencies. A €4,000 grant is included in Budget 2025 to support affected businesses.
October 07, 2024
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